Natural Gas Breaks Support

September 28, 2015

Last week natural gas prices broke support at the $2.60 level on the expiring October NYMEX futures contract. A larger than expected inventory injection last Thursday, reported by the EIA, initially sent prices lower, but then the market took off to the upside creating a bullish key-reversal trading pattern on the daily chart. In my latest article for Seeking Alpha I consider whether natural gas is a good candidate for a long position here based on recent market action and the seasonality, winter is just around the corner.

Article: Natural Gas Breaks Support

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