0955 ET - U.S. natural gas futures pull back a little from the previous session's double-digit gains. The rally, helped by short-covering, "may indicate a line in the sand, and could mark a bullish, long-term technical double-bottom pattern into summer," Eli Rubin of EBW Analytics says in a note. Volatility may continue with tomorrow's storage report--another triple-digit injection is expected--as well as uncertain physical markets heading into the Memorial Day weekend and next week's contract expiries, he adds. Nymex natural gas is off 0.9% at $3.395/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 09:55 ET (13:55 GMT)
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