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Expiration, Technical Indicators Fueling Rally for June Natural Gas Prices

Natural Gas Intelligence · last updated

Intelligence on natural gas market fundamentals presented by NGI’s data and price analysts

Natural Gas Intelligence's (NGI) Henry Hub forward fixed natural gas price graph showing future market volatility.

Slow stochastics were extremely oversold coming into Monday, which no doubt helped June bounce off this $2.95-3.00/MMBtu area. June’s rally is certainly being helped along by the final day rally in the May contract as well.

Should June continue to rally, it first faces technical resistance at its 200-day simple moving average at $3.374, followed by the middle of its 20-day Bollinger Band at $3.60.

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