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Burton Energy Group says the natural gas market is in the shoulder season with neutral sentiment. The May contract expired at $3.142 per MMBtu, and the CY2017 strip averages $3.253.
Technical levels are $3.15 on the downside and $3.88 on the upside.
A neutral, range-bound gas market means little near-term change in energy and fertilizer input costs. Traders are watching the $3.15 support level.
burtonenergygroup.comKristenMMay 11, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
