Natural Gas Prices Plummet as Demand Drops and Bearish Trends Persist
Natural gas prices are falling due to mild weather forecasts, high natural gas output, and above-average storage levels, leading to a bearish market sentiment. The absence of cold weather patterns and the expectation of continued mild weather suggest that natural gas prices may continue to face downward pressure in the short term. If colder weather patterns do not materialize, surpluses are expected to increase, maintaining the bearish trend.