<p>There are sure are a lot of people who think <keyword id="6354703" type="COMPANY" weightage="60" keywordseo="Natural-gas">natural gas</keyword> prices are going to continue to go up.</p>
<p>According to Commodity Futures Trading Commission (CFTC) data from Citi's Timothy Evans, the number of net long positions for nat gas contracts now stands at 530,786. </p>
<p>That's a record high.</p>
<p>Here's the chart:</p>
<p><div class="image-container" style="width:620px"><div class="image"><img src="http://static6.businessinsider.com/image/518421e76bb3f75f0f000038-676-414/cftc.png?maxX=620" border="0" alt="cftc" width="620" /></div><p class="source">Citi</p></div></p>
<p>Natural gas prices were trading up +0.6% Friday to hit $4.05. That comes after prices fell about 7 percent earlier in the week.  </p>
<p>Evans writes that the <span style="font-size: 15px; line-height: 1.5em;">market is "heavily overbought and vulnerable to bearish news." </span></p>

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BusinessInsider

The Natural Gas Market Is Looking Overbought And Vulnerable

There are sure are a lot of people who think natural gas prices are going to continue to go up. According to Commodity Futures Trading Commission (CFTC) data from Citi's Timothy Evans, the number of net long positions for nat gas contracts now stands at 530,786. That's a record high. Here's the chart: Citi Natural gas prices were trading up +0.6% Friday to hit $4.05. That comes after prices fell about 7 percent earlier in the week. Evans writes that the market is "heavily overbought and vulnerable to bearish news."

There are sure are a lot of people who think natural gas prices are going to continue to go up. According to Commodity Futures Trading Commission (CFTC) data from Citi's Timothy Evans, the number of net long positions for nat gas contracts now stands at 530,786.

The Natural Gas Market Is Looking Overbought And Vulnerable

Rob Wile

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