Natural Gas Futures Struggle Amidst Bearish Pressure and Mild Forecasts.

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Source: FX Empire
Natural Gas Futures Struggle Amidst Bearish Pressure and Mild Forecasts.
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TL;DR

Natural gas markets continue to show a lot of noise and have fallen a bit during the trading session on Thursday. The $2.00 level underneath should continue to offer a bit of support against selling pressure. However, if the market breaks down below that level, it could find itself in a bit of a black hole. There is no real reason for natural gas to be strong due to the fact that temperatures are going to start rising in the United States and Europe, which will drive down demand. Furthermore, there is a worry about whether or not the industrial demand will crater due to the negative economic activity.

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