"Natural Gas Prices Plummet to 42-Month Low Amid High Production and Low Demand"
TL;DR Summary
The natural gas market is struggling, with prices dipping below $2 and potentially heading towards $1.80 due to a lackluster winter and focus shifting to spring. While a potential rally may occur in the future, the current downside momentum makes selling risky. Traders are advised to stay cautious and monitor for signs of a turnaround, with the $2.50 level being a potential target for buyers.
Topics:business#finance#futures-trading#market-volatility#natural-gas#price-forecast#technical-analysis
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