U.S. Mild Weather Continues, Tempering Demand, Prices

Bloomberg reported that natural gas futures are expected to drop next week as mild weather in the U.S. continues, and demand continues to be low.

As quoted in the market report:

We still have moderate weather that is going to temper prices in the short term,” said John Woods, president of JJ Woods Associates and a Nymex floor trader. “On a technical basis, the market is extremely long. It’s a matter of profit taking.

To view the whole Bloomberg report, click here.