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Natural Gas Crashes Into Historic 25-Year Price Support

Published 2024-02-16, 03:15 p/m
Updated 2023-07-09, 06:31 a/m

It’s been a rough go for natural gas prices.

Even with elevated inflation numbers, natural gas is still in crash mode.

Natural Gas Daily Chart

Today’s Natural Gas chart highlights the crash in prices. Natty has fallen nearly 50 percent in just 25 days.

That is the 2nd largest 25-day decline in natural gas history.

And it is currently testing important lows, a support area that dates back 25-years (1999) at (1).

In my humble opinion, this is a critically important support test following a rare decline. Will Natural Gas bulls show up here? Stay tuned

Latest comments

Let the producers give natural gas for cheap; then they will realize that they have to tighten up the supply.
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