Natural Gas Markets Rise on Colder Weather Forecast and Speculator Activity.
Natural gas markets have gapped higher to kick off the trading session on Monday, looking much like a market that is trying to find the top of a range. While the 50-Day EMA is worth paying attention to which is just below the $2.60 level, and then of course you have the psychologically significant $3.00 level, it does make a certain amount of sense that we try to work out this range, possibly between the $2.00 level in the $3.00 level. Ultimately, we will eventually have to see the Europeans refill their tanks, as they go into the winter.