Front-Month Natural Gas Futures Contract Breaches $4 for First Time Since September

摘要

December natural gas spent its first two days as the prompt-month contract picking up steam, capped by an almost 15￠ gain on Friday that pushed front-month gas over $4/MMBtu for the first time since late September. But, whether the rally has legs remains to be seen. "From a fundamental standpoint, it would be extremely difficult to argue in favor of a material and sustainable rally at this point," said Canaccord Genuity analyst Cameron Horwitz.