"US Natural Gas Prices Plunge Despite Record Demand and Cold Snap"

Natural gas markets plunged from the top of the overall consolidation range, indicating a potential selling opportunity as the market pulls back. With temperatures expected to normalize, demand is likely to decrease, highlighting the oversupply of natural gas and leading to a focus on pricing reflecting this concern. The market is anticipated to trade within a range for the rest of the year, with $3.33 as the top and $2 as the bottom, and a potential move towards the middle of the range in the near term.