Natural Gas: A break below $2.97 would prompt additional selling – TDS

Commodity Trading Advisors (CTAs) are sellers once again in Henry Hub Natural Gas, TDS analysts note.

Natural gas fails to move above $3.50

“As expected, the market was prone to an easing of the momentum flows as prices failed to move above the $3.50/MMBtu level that was required to see continued buying pressure.”

“CTAs are now rebuilding their short positions, and a break below $2.97/MMBtu would prompt additional selling.”