The US Henry Hub natural gas spot price has recently broken up through its 200 day moving average and at $3.7MMBtu is trading in the middle of its one year trading range. Inventories in the first half of …
ETF Securities Research
October were 4% below last year’s levels and further tightening is expected as we move into what is forecast by the EIA to be a colder than usual winter. If the EIA is correct, we believe that the Henry Hub natural gas spot price has the potential to move up towards the higher end of its recent trading range, potentially breaching the $4.5MMBtu level by the end of Q1 2014.
Source: ETFWorld.ch
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