Natural Gas Prices Plummet as Weather Turns Milder

Natural gas markets continue to show negativity as traders price in the idea of a massive recession and an oversupply of natural gas. The market is expected to bounce around in this area, with a potential rally if it breaks above the $2.50 level. However, a break below the $2.00 level would be catastrophic for the natural gas markets, suggesting a drop in heating demand and a significant decline in industry and industrial action. The market is currently experiencing relentless selling, making it difficult to predict when a bottom will be reached.