"U.S. Natural Gas Market Struggles Amid Extended Price Rout"

1 min read
Source: FX Empire
"U.S. Natural Gas Market Struggles Amid Extended Price Rout"
Photo: FX Empire
TL;DR

Natural gas has dropped to a new trend low of 1.76, nearing a potential support zone at 1.80, and is 52% below the October swing high at 3.64. A decisive close below 1.80 could indicate a deeper decline towards the next significant price zone at 1.61, with a bearish trend continuation signal on the weekly chart. Further downside targets include 1.52 to 1.49, but a bullish reversal is anticipated at or above 1.49, with future price action around potential support levels providing insight into market strength or weakness.

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