"Natural Gas Prices Slide as Cold Snap Boosts ETFs and Futures"
TL;DR
Natural gas prices fell during the trading week as concerns about oversupply and the fading impact of winter storms in the United States weighed on the market. Technical analysis suggests a potential drop towards the $2 level, with traders pricing in the upcoming March contract and its typical decrease in demand. The market is likely to carve out a range between $2 and $3.33 for the year, with the $2 level being a major floor.
Topics:businesscommodity-markets#commodity-markets#futures-trading#natural-gas#oversupply#price-forecast#winter-storms
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