Priming

Traders Await Reversal as Futures Continue to Wind Lower

The common thinking of natural gas futures traders and analysts appears to be that the market is priming for an upward reversal followed by an extended stretch run of buying; however, the timing of the switch is still anyone’s bet. Until the rebound begins, some industry experts believe the downside is still open on a limited basis, which April natural gas futures tested once again on Monday.

March 17, 2009