Natural Gas Futures Post Gain for Week After Modest Storage Injection of 38 Bcf

摘要

Natural gas futures got a boost last week after an extended losing streak the week before that. Part of the rebound in gas futures was due to technically oversold conditions, but supply fundamentals did play a role in lifting prices thanks to a bullishly perceived gas storage report and forecasts for warmer- than-normal weather. While May gas prices could test the $4.30s in coming days, any further upside appears limited.