Natural Gas (and Fertilizer?) Could Head Up

April 14, 2009 07:00 PM
 

Linda Smith, Top Producer Executive Editor
 
A technical trading company, VantagePoint, provided the chart shown here. When the blue line (forecast) crossed below the black line (actual), they predicted the market would trend down.
Prices are down 34% this year. and futures have dropped 73% since their 2008 high of $13.69 on July 2.
 
Now, 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. It could be time for a change in direction.
 

(click to enlarge)
 
 

 
You can e-mail Linda Smith at lsmith@farmjournal.com.
 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close