Natural Gas Prices Plummet Amidst Bearish Weather and Production Trends
Natural gas markets have collapsed due to the anticipation of warmer temperatures, leading to increased bearish pressure. The market's biggest driver is the weather forecast, and traders are waiting for stabilization before considering any bullish positions. Selling at this point is seen as chasing the trade, and a potential bounce may occur between now and the end of winter. If the market breaks above the $2.50 level, it could signal a bullish sign. However, for now, traders are advised to wait for stability before making any significant moves.