Natural Gas Inches Higher Even with Mild Weather Outlook
Dow Jones
Oct 05
1009 ET - A mild outlook for weather in the U.S. weighed on natural gas futures last week, and while that continues to be the case technical trading may be skewing futures toward the positive side, says BOK Financial in a note. "Quant funds have moved more to the short side, which could build a more bullish case longer term," says the firm in a note. "However without a real fundamental shift in demand the path of least resistance still looks lower." The most-active contract is up 0.3% in early trade.
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