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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Rebound on Technical Short Covering

January Nymex natural gas (NGF26) on Friday closed up by +0.076 (+1.94%).

Jan nat-gas prices recovered from a 7-week low on Friday and settled sharply higher after oversold conditions sparked technical short covering in nat-gas futures.  Since posting a 3-year high on December 5, nat-gas prices have been in freefall as warmer US weather has curbed heating demand and allowed nat-gas storage to rebuild.  

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