U.S. natgas futures rise to 6-wk high on record exports, cool weather | Hellenic Shipping News Worldwide
U.S. natgas futures rise to 6-wk high on record exports, cool weather U.S. natural gas futures rose to a six-week high on Monday on forecasts for more heating demand this week than previously expected and near-record liquefied natural gas (LNG) and pipeline exports. Front-month gas futures NGc1 rose 2.4 cents, or 0.9%, to $2.704 per million British thermal units at 9:07 a.m. EDT (1307 GMT), putting the contract on track for its highest since March 4. That increase pushed the front-month into overbought territory with a Relative Strength Index (RSI) over 70 for the first time since mid-Februar...
Source: hellenicshippingnews.com