Natural Gas Prices Volatile Amidst Market Bounce and Weather Forecasts

Natural gas markets experienced a significant plunge but showed signs of a potential rebound. The market is currently in a state of uncertainty, with traders factoring in the possibility of a recession. From a technical analysis perspective, the market is near the 61.8% Fibonacci level, which has previously acted as support. However, the overall energy market is becoming increasingly volatile, and it remains to be seen if natural gas can escape this trend. If the market breaks below the current support level, the next target could be $2.00.