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GAZB - Natural Gas Stalls- More Downside Could Be On The Horizon
Barclays Bank PLC
In last week’s natural gas piece on Seeking Alpha, I wrote, “With the price of natural gas at just below the $2.70 per MMBtu level on August 28, inventories at a substantially higher level than at this time in 2019 and the five-year average, and with three months to go in the injection season, I prefer the KOLD product with a tight stop. If the market continues to rally and stops me out, I will look to re-establish a short position at a higher level.”