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"Natural Gas Prices Plummet to 42-Month Low Amid High Production and Low Demand"

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Source: FX Empire
"Natural Gas Prices Plummet to 42-Month Low Amid High Production and Low Demand"
Photo: FX Empire
TL;DR

The natural gas market is struggling, with prices dipping below $2 and potentially heading towards $1.80 due to a lackluster winter and focus shifting to spring. While a potential rally may occur in the future, the current downside momentum makes selling risky. Traders are advised to stay cautious and monitor for signs of a turnaround, with the $2.50 level being a potential target for buyers.

Topics:businessfinance#finance#futures-trading#market-volatility#natural-gas#price-forecast#technical-analysis
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  1. Natural Gas Price Forecast – Natural Gas Continues to Languish  FX Empire
  2. Natural Gas Futures Extend Retreat After Widely Anticipated EIA Storage Withdrawal  Natural Gas Intelligence
  3. Natural Gas Price Forecast: Plummets to 42-Month Low, Eyes Next Target  FX Empire
  4. Natural Gas Prices Are Off 40%. Some of the Problems Won’t Go Away.  Barron's
  5. Heat of the Moment - High Gas Production, Historically Low Heating Demand Keep a Lid on Prices  RBN Energy

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