A New Gas Bull Market or Elevated Reversion Risks? A year ago, the January natural gas future was closer to $3 per million British thermal units vs. roughly $4.60 on Dec. 10. Is this the start of a bull market or a setup for reversion? My bias is the latter, given the typical price autocorrelation, high supply elasticity and low probability of a second consecutive above-average heating-demand season. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t73r4ikijh92 {BI COMD} #naturalgas #energy #technicalanalysis @BBGIntelligence(Mike McGlone)