"Assessing the Volatility: Natural Gas Prices and Investment Prospects"

TL;DR Summary
Natural gas prices showed a minor change in the pattern of declining prices, ending a consecutive decline of eight days with lower daily highs and lower daily lows. While the bear trend remains intact, a drop below 1.575 signals a likely bearish continuation, while a rally above 1.64 indicates strengthening. A daily close above 1.67 could confirm strength and potentially lead to a test of prior support levels as resistance, with a potential target at the previous swing low of 2.31.
Topics:business#bearish-continuation#finance#market-analysis#natural-gas#price-forecast#reversal-signal
- Natural Gas Price Forecast: Bearish Continuation or Reversal Signaled? FX Empire
- El Niño pushes real US gas prices to multi-decade low Reuters
- Natural Gas Futures Finally Find Fresh Footing, Post Modest Advance; Cash Prices Mixed Natural Gas Intelligence
- U.S. natural gas inventory net change of -49 Bcf for week ended Feb. 9 - EIA (Commodity:NG1:COM) Seeking Alpha
- a Natural Gas Fund Is Down 27% This Year. It Could Be a Value Trap. Barron's
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
80%
402 → 81 words
Want the full story? Read the original article
Read on FX Empire