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GAZB - Natural Gas Crashes Through Resistance Early
Barclays Bank PLC
The summer of 2019 was a paradise for the natural gas beans. Before the start of the warmest months of the year, the price slipped below a critical level of technical support. In 2018, the low for the year in the natural gas futures market was at $2.53 per MMBtu. The prior year the bottom was at $2.522. Both lows came in February at the end of the peak season for demand.
2019 started a lot like the prior years. In February, the low for the nearby natural gas futures contract was at $2.543 per