Forecasts & Analysis | Natural Gas

Natural gas faces potential bearish breakdown below 2.24, while bullish signs are indicated with moves above 2.52 and 2.79.

The significant decline in gasoline inventories provided material support to oil markets.

Natural gas markets have drifted a little bit lower during the trading session on Wednesday, as we continue to see a lot of negativity.

May natural gas prices are down over 3% at $2.408 due to tentative buyers and uncertain weather forecasts ahead of Thursday’s EIA storage report.

It is said that those who do not learn from history are bound to repeat it. Unfortunately, it would seem that this adage is all too applicable to today’s Federal Reserve.

Natural gas at a critical position in that bearish sentiment dominates while at the same time a low may have been hit.

Natural gas found some support near the $2.15 level.

Natural gas markets have drifted a little bit lower during the trading session on Tuesday, as we continue to consolidate overall.

Natural gas futures are hovering near a three-week low amid warmer weather forecasts, lower demand, and an increase in gas output this month.

Natural gas still falling, increasing the chance of a new trend low as the bulls run for the hills.