Overzealousness

Perhaps admitting to a little bit of overzealousness during Monday’s 16-cent rally, natural gas futures traders in overnight Access trading and then again on Tuesday pushed the February contract lower. With non-commercial traders continuing to hold a sizeable net-short position and some market watchers believing that the four-month-long downtrend is still intact, the question now becomes how much longer can the trend continue before it shows signs of cracking.