Natural Gas Stocks Retreat
This morning, many of the leading natural gas stocks are pulling back after the U.S. Energy Information Administration (IEA) data. The United States Natural Gas Fund has pulled back intra-day after the IEA report for natural gas was released. Today, the UGA is trading lower by 0.02 cents $21.59 a share.
Some of the leading natural gas stocks that have declined after the natural gas report include Chesapeake Energy Corporation (NYSE:CHK), Devon Energy Corp (NYSE:DVN), Southwestern Energy Co (NYSE:SWN) and Clean Energy Fuels Corp (NASDAQ:CLNE). CHK stock will have some short term intra-day support around the $20.40 level. The daily chart of CHK should have short term support around the $19.00 area.