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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Slump on Fund Liquidation

EIA Nymex United States BNEF Freeport Natural Gas

June Nymex natural gas (NGM24) on Thursday closed down -0.185 (-6.51%).

June nat-gas prices Thursday fell back from a 4-1/4 month nearest-futures high and closed sharply lower.  Nat-gas prices on Thursday initially moved higher after the weekly EIA nat-gas inventories rose +78 bcf, below expectations of +85 bcf.  However, technical selling emerged when several indicators showed prices became overbought due to this week's sharp rally, which sparked fund liquidation, and nat-gas prices retreated.  

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