"Natural Gas Prices Plummet to 1.57 Amid Smaller-Than-Expected Inventory Draw"

1 min read
Source: FX Empire
"Natural Gas Prices Plummet to 1.57 Amid Smaller-Than-Expected Inventory Draw"
Photo: FX Empire
TL;DR Summary

The price of natural gas has hit a new trend low of 1.57, marking the eighth consecutive day of decline, indicating a prolonged bearish sentiment. The downtrend shows no signs of letting up, with the price testing support levels and potentially targeting lower zones. Despite being extended on the downside, the trend is expected to continue until signs of reversal appear, with the possibility of a rapid bullish reversal in the future.

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