Early on Wednesday, natural gas markets saw a very tiny recovery, but it still appears that problems will persist going forward.
The natural gas market gapped slightly lower during Monday’s trading session, as it appears we are about to test the important $6.50 level.
During Thursday’s trading session, the natural gas markets reached the bottom of the broad consolidation range we have been in.
Natural gas prices continued to rise beyond $9. In the eastern United States, above-average temperatures are anticipated. The stockpile of natural gas increased over the previous week.
The natural gas market first retreated during Monday’s trading session, displaying signals of weakness, but just below the $8.00 level, buyers have reemerged.