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Natural gas price bulls took a hit late last week as prompt-month natural gas futures sold off, taking technical indicators out of oversold territory
Overbought June Nymex natural gas futures were pummeled Thursday as the market shrugged off fundamental bullishness and a miss in government storage data.
June natural gas futures have rallied more than 40% in May, with the move higher over the past week putting technical indicators even further into
Technical market indicators suggest a bottom could be near for the newly anointed prompt-month June futures contract on the New York Mercantile Exchange
Prompt-month natural gas futures on the New York Mercantile Exchange (Nymex) tested key resistance but failed to push beyond the $1.906/MMBtu high early