Natural Gas Remains Range Bound

The natural gas market remains in a tight trading range between a high of $4.65 and a low of $4.50 for the prompt month.  Traders are waiting for an updated storage report before making the next move.

The bigger question might be “What does summer have in store for us.”  A cool summer will bring gas prices down with lower demand from power plants.  I’d have to say that the cool start to spring might be making all the “bulls”  and long traders have a second thought on demand for a hot summer.

Leave a Reply

Your email address will not be published. Required fields are marked *