Natural gas futures are inching lower on Tuesday, but posting an inside move. There has been Online Cigarettes Store USA no follow-through to the upside following yesterday’s impressive short-covering rally. Traders are saying there was nothing major in the news to trigger the move. However, cash prices in California jumped more than $1.00. Additionally, the Natural Gas Intelligence National Average climbed 13.5 cents to $1.935.

At 12:37 GMT, October natural gas futures are trading $2.213, down $0.020 or -0.90%.

The experts at NGI added the following, “On the futures front, the curve from the onset of Monday’s session, Cheap Newport Cigarettes Online Sale despite little change in overall weather forecasts and new highs for both production and liquefied natural gas (LNG) intake. Given that speculative traders had accumulated a record number of short positions in recent weeks, the sudden surge in prices is no surprise, but strong cash markets provided additional support.”

There you have it, extremely oversold conditions likely fueled the rally on Monday with investors highly sensitive Cheap Newport 100s Cigarettes Website to any bit of friendly news. We’ve said for weeks that shorts could crush this market and squeeze every drop of profit out of it if they wanted to, given the fundamentals. However, they don’t seem to be willing to press the market lower at current price levels, and may actually allow for a rally in order to short at better prices.







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