Natural Gas Gains on Potential Rebound
Source: VantagePoint Intermarket Analysis Software
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- The market moved down 380 ticks.
- 380 ticks = $3,800 per contract
(About 11 trading days)
- When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.
- Natural gas futures advanced for a second day on 04/14/09 in New York based on rumors that demand for the industrial fuel will begin to rebound as the U.S. economy stabilizes.
- Prices are down 34 percent this year. The futures have dropped 73 percent since reaching a 2008 high of $13.694 on July 2.