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GAZ - Natural Gas Sits In The Middle Of Its Trading Range
Barclays Bank PLC iPath Series B Bloomberg Natural Gas Subindex Total Return ETN
Natural gas fell to a twenty-five-year low at $1.432 per MMBtu in late June on the expiring NYMEX July futures contract. The active month August contract reached a bottom at $1.517 on June 25 and 26. The double bottom formation ignited a recovery rally that took the price to a high of $1.924 on July 7, where it ran out of steam on the upside. August futures made a lower low than in mid-May when it made a double top at $2.11 and on May 6 when it reached $2.447 per MMBtu. The midpoint of