Natural Gas Bullish for Long-Term Despite Decline

Reuters reported that natural gas futures fell on Friday and are on track to post a weekly loss.

As quoted in the market report:

The short-term technicals have definitely turned bearish, and the market may be vulnerable for a sharp decline as bullish (speculative) traders take profits, but we’re still in a long-term bullish trend,” said Chris Kostas, senior analyst at Energy Security Analysis Inc.

To view the whole Reuters report, click here.