Tuesday, December 8, 2015

Natural Gas Settles Down 5.4%

Natural gas's slump, similar to the decline in crude oil, is part of long-term down impulse that began on the fourth week of July 2014. While traders following their emotions are likely chasing the decline, the flow of leverage advises against it over the short-term. The Review of Natural Gas and COT Matrix show us why.

Headline: Natural Gas Settles Down 5.4%

NEW YORK—Natural-gas prices dropped sharply Monday as forecasts for warm weather weighed on demand expectations.

Natural gas for January delivery settled down 11.9 cents, or 5.4%, to $2.067 a million British thermal units on the New York Mercantile Exchange, the lowest settlement since Oct. 28.



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