heating demand

Natural Gas Technicals Pointing Toward Bottom as Downside Momentum Continues

Natural Gas Technicals Pointing Toward Bottom as Downside Momentum Continues

Natural gas market key resistance levels and technical chart patterns are beginning to suggest a possible bullish reversal, but until weather and storage fundamentals turn more supportive, additional downside is expected. Since hitting bottom at a three-and-a-half-year intraday low of $1.511/MMBtu in late February, natural gas futures have attempted to breach the $2.000 barrier, touching…

March 12, 2024