January gas futures dipped into the high $2.20s per million Btu Wednesday as the contract appears to be setting up for another test of support in the low $2.20s/MMBtu.

摘要

There are certainly fundamental drivers to prompt such a move, with a below normal storage pull expected this week and warmish extended weather forecasts. But it is also likely that the lower end of the trading range will be a springboard for another short-covering rally in this range-bound market.