5 Reasons Why the Price of NatGas May Be Ready to Bounce Higher

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As we reported yesterday, the price of natural gas continues to bump along in the mid-$2/MMBtu range (see NYMEX Futures Price Hits 21-Month Low, Settles at $2.68/MMBtu). Warm weather both here and in Europe, along with a slight increase in production (5% higher now than it was a year ago), have combined to deliver low commodity prices for natgas. However, a Zacks analyst writes that even though natgas is “beaten down,” we may be on the cusp of “a multi-week rally” in the price. He lists five signs/reasons why natgas prices are due to turn around.

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