When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
GAZB - Natural Gas Recovers- Selling Could Return At Above $2.00 Per MMBtu
Barclays Bank PLC
In last week’s piece on the natural gas futures market on Seeking Alpha, I wrote, “I expect $2.00- $2.10 in the short-term, but not much more.” The price took off on the upside on Monday, August 3, and reached a high of $2.284 per MMBtu on August 6. The volatile natural gas market rose from a low of $1.646 on July 20, a recovery of over 38.8%.
The rebound to over the $2 level was no surprise. As we are now in August, it is only three months before the energy commodity