"Analyzing Natural Gas Price Volatility and Support Zones Amid Production Changes"

Traders are closely monitoring natural gas as it trades within a potential support zone defined by the uptrend line, the 78.6% retracement, and the prior swing low at 2.235. A decisive decline below 2.31 could signal further price drops, with potential support around the 2.235 level. However, the bearish trend remains intact, and a rally above 2.31 could indicate strength, potentially leading to a tradeable bounce. If prices weaken further, a test of trend lows around 1.97 to 1.94 is possible.