"Natural Gas Prices Plummet: What's Next for the Market?"

1 min read
Source: FX Empire
"Natural Gas Prices Plummet: What's Next for the Market?"
Photo: FX Empire
TL;DR

The natural gas market continues to exhibit volatile behavior, with the possibility of prices dropping to $1.50. The lackluster winter has not helped the situation, and short-term traders may consider playing a potential bounce. However, the market is currently deemed as dead money, and a basing pattern on a weekly chart is awaited before considering a long position. The prospect of natural gas reaching zero is deemed unlikely, with potential for value hunters to enter the market eventually.

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