US natural gas futures for June delivery rose 2.6% to $9.207 per mmBtu on Thursday - a level not seen since 2008 - Photo: ShuuterstockUS natural gas futures made further gains on Thursday and spiked over $9.00 per million British thermal units (mmBtu) – hitting its highest level in nearly 14 years. Will the natural gas price rally continue? Piero Cingari, commodities analyst at Capital.com, was of the bearish view and therefore thinks the natural gas market is going to experience a downward trajectory. “The natural gas rally is constantly losing steam, and we may be nearing the peak of the uptrend. Of course, unexpected and above-average temperatures in the Northern hemisphere create upside risks to natural gas prices.

Source: The North Africa Journal May 27, 2022 05:00 UTC