05.08.2013 - Weather forecast sends natural gas ETFs tumbling
After natural gas hit 2013 highs in the early second quarter—and leading many to believe that natural gas was back on track—the commodity soon fell back to Earth. The product has struggled under weak commodity conditions, high supply levels, and uncooperative demand figures, pushing it within striking distance of the year’s lows. Some are forecasting that this trend can continue in the near term, especially based on recent weather. Temperatures have been below average across much of the Midwest and the Northeast, with forecasts calling for moderate temperatures in the days ahead..............................................Full Article: Source
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