After Strong Rebound From Recent Lows Natural Gas Futures End Week Below $3

摘要

Call it a bear trap or head fake, last week's short-lived rally in the October gas futures contract above $3 had some gas traders thinking the lows were in for the year, while other traders took advantage of the surge to hedge production or position themselves for the potential of an even deeper plunge to come."Unless there's a Brian Hunter or another hedge fund hiding in the wings ready to manipulate prices higher again, I absolutely don't see how gas can hold above $3," said analyst Stephen Schork. "Last week's strength in gas was absolutely one of the best selling opportunities I've seen in a long, long time."