Following a volatile year, US natural gas prices declined in May. Natural gas traders are edgy as they evaluate whether or not lower prices are a long-term trend or seasonal adjustment. Open interest indicates a decline in long positions in the bellwether Nymex Henry Hub natural gas futures and swaps. So the obvious question is, are prices starting to level off after a period of high volatility and will trading volume follow? It is not uncommon to see high trading activity when prices break out
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