"Natural Gas Prices: Navigating a Bearish Storm Amid Oversupply and Mild Weather Forecasts"
Natural gas is experiencing downward pressure and is likely to continue its bearish trend, with potential support levels around 2.03 to 1.95 and a possible pivot at 1.92. The market has fallen below key moving averages and support lines, indicating a strong bearish sentiment. Downward momentum may slow down as it approaches a new trend low, potentially leading to a bullish reversal, but a decisive drop below today’s low could signal further downside.
