Natural Gas prices moved higher on Monday, as the rally in global riskier assets boosted the commodity complex. The weather forecast calls for above
Natural Gas prices moved higher on Monday, as the rally in global riskier assets boosted the commodity complex. The weather forecast calls for above normal temperatures across the entire United States over the next 8-14 days according to the Nation Oceanic Atmospheric Association.
Prices bounced off of the 20-day moving average at 2.82 and are poised to the downward sloping trend line that connects the highs in May and the highs in July and comes in near 2.90. Support below the 20-day moving average at 2.82 are seen near an upward sloping trend line that connects the lows in July with the lows in August and comes in at 2.73.
David Becker focuses his attention on various consulting and portfolio management activities at Fortuity LLC, where he currently provides oversight for a multimillion-dollar portfolio consisting of commodities, debt, equities, real estate, and more.
