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BOIL - Cheniere Energy Continues To Be The Shining Star In Natural Gas
ProShares Ultra Bloomberg Natural Gas
The price of natural has been under pressure since March, which is the last time the active month August futures contract traded above the $3 per MMBtu level. The price has made lower highs and lower lows falling to a bottom at $2.134 on June 20. The energy commodity ran out of selling in late June, but the recovery only took the price to a high at $2.489 per MMBtu on July 10. Natural gas did not challenge the level of technical resistance at just above the $2.50 level, which was the low from 2017