Natural gas prices dipped, then rebounded to near unchanged as traders who respond to charts boosted the market despite new data showing the second-largest weekly surplus on record. Prices bounced after falling just past a one-month intraday low of $2.557 a million British thermal units. That could have been enough to scare a slew of bearish traders into quickly unwinding pre-existing bets that profit when the market falls, traders and analysts said. Such trades are closed out by buying futures to cover the position, which can feed into a price rally when it is done in large numbers at the same time. The front-month July contract lost 0.8 cent, or 0.3%, to $2.626 a million British thermal units on the New York Mercantile Exchange. Prices had fallen as much as 3% in the morning before, flip-flopping around unchanged the rest of the day. The low point came after the […]