UK Natural Gas Pulls Back From Two Year High

Bloomberg reported that natural gas in the UK fell back for next month, suggesting that the contract rose too swiftly.

As quoted in the market report:

Within-day gas was little changed near its highest level since February, according to broker data compiled by Bloomberg. The relative strength index on the month-ahead contract was 83 yesterday. A reading above 70 may indicate that a security is overbought.

To view the whole Reuters report, click here.