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GAZB - Natural Gas Broke A Bearish Trading Pattern Last Week
Barclays Bank PLC
All of the attention in markets were focused on crude oil last week. On April 20 and 21, the price of the energy commodity fell to a new all-time low, below zero, and to negative $40.32 per barrel on the expiring May futures contract on NYMEX. Any market participant that believed that the risk of a long position on the downside in oil was zero received a painful lesson.
Meanwhile, another energy commodity that tends to be even more volatile than the oil market broke through a technical level last week. While crude oil fell