Thursday, 30 May 2019

Natural Gas Trading Range For The Day Is 179.6-189

Natural gas trading range for the day is 179.6-189.

Natural gas settled up 2.71% at 185.60 as a day/day drop in the latest production numbers helped prices to rally

Although forecasts were mixed on the outlook for June heat. Mostly warm conditions continue.

The natural gas rig count was at 186 last week fallen ~88.4% from its record level of 1,606 in 2008.

Prices are under short covering as market has witnessed drop in open interest by -8.85%.

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