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"Natural Gas Prices Hit 42-Month Low Amid Export Moratorium Uncertainty"

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Source: FX Empire
"Natural Gas Prices Hit 42-Month Low Amid Export Moratorium Uncertainty"
Photo: FX Empire
TL;DR

The price of natural gas has plummeted to a 42-month low, reaching 1.87 and eyeing a next target of 1.80, with potential further support at 1.61 to 1.44. A bearish long-term trend continuation signal has been triggered, indicating a possible acceleration of the decline, supported by crossovers in moving averages. The market appears to be heading towards lower prices, with downside follow-through still warranted.

Topics:businessenergy-markets#bearish-trend#economic-events#energy-markets#natural-gas#price-forecast#support-levels
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  1. Natural Gas Price Forecast: Plummets to 42-Month Low, Eyes Next Target  FX Empire
  2. Natural Gas Futures Extend Retreat After Widely Anticipated EIA Storage Withdrawal  Natural Gas Intelligence
  3. Natural Gas Prices Forecast: Futures Flat Despite Demand Spike Predictions  FX Empire
  4. Heat of the Moment - High Gas Production, Historically Low Heating Demand Keep a Lid on Prices  RBN Energy
  5. Natural Gas sinks below $2 on reports that Biden's LNG export moratorium stays in place until after elections  FXStreet

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