"Natural Gas Prices Plummet Amid Warming Weather and Weak Demand"

Natural gas prices continue to plummet due to market volatility and the anticipation of warmer weather as traders factor in the approach of spring. The recent spike in prices was largely driven by a cold snap, and without sustained cold weather, the outlook for natural gas remains bearish. The market is currently seen as range-bound, with $2.50 being a point of fair value and $2 serving as a psychological support level. Traders short on the market may consider taking profits, while the possibility of stabilization or buying pressure looms in the near future.