Throughout the course of the week, natural gas markets have dropped to the $2.00 level. Despite this, it appears that we could experience a short-term uptick.
Although we are now well below the $2.50 barrier, the natural gas markets continue to be plagued by a lot of negativity.
During Monday’s trading session, natural gas markets appeared to be poised for a modest rebound, but then reversed course. As a result, we exhibited signals of reluctance on Tuesday, and we are currently observing additional negative.
During Wednesday’s trading session, natural gas prices rebounded somewhat near support as we continue to oscillate within a significant range.