"Nat-Gas Prices Plummet to 3-Year Low Amid Surplus Supplies and Mild Weather"

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Source: FX Empire
"Nat-Gas Prices Plummet to 3-Year Low Amid Surplus Supplies and Mild Weather"
Photo: FX Empire
TL;DR Summary

Natural gas price trends lower, eyeing support at 1.80 with potential for further decline below long-term levels. If 1.80 support fails, the next lower level is at 1.61, with rallies likely to face resistance around prior lows starting at 1.95. The current decline follows a failed attempt to confirm a bullish reversal and sustain an uptrend above the 200-Day MA and the long-term downtrend line, indicating an acceleration in the decline with no signs of slowing down yet.

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