Natural gas prices rallied sharply, rising more than 3.2% and demand continues to outstrip supply. Tropical storm Sam has formed in the Atlantic but its unlikely to impact any natural gas infrastructure. Natural gas prices surged, rising 3.2%, closing above resistance that is now support near the 10-day moving average at 5.09.
Crude oil markets initially fell during the course of the week but then turned around to show signs of life again. By doing so, the market looks as if it is ready to continue to go much higher.
The crude oil markets have rallied a bit during the course of the trading session on Friday, to close out the week on the highs as momentum continues to pick up.