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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Rally as Funds Roll Into the April Nat-Gas Contract

United States BNEF EIA Natural Gas

April Nymex natural gas (NGJ24) on Wednesday closed +0.077 (+4.26%).

Nat-gas prices on Wednesday climbed to a 3-week high as funds rolled long positions into the April nat-gas contract from the March contract that expired on Tuesday.  However, above-average U.S. winter temperatures may keep nat-gas prices from a sustainable rally in the near term.  NatGasWeather said Wednesday that weather forecasts for much of the U.S. "remain exceptionally warm and bearish" for March 1-13.  

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