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Natural Gas Crashes Into Historic 25-Year Price Support

Published 16/02/2024, 20:15
Updated 09/07/2023, 11:31

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

waaw
Let it be -0.5, then bulls will be active.
2.000 in a few weeks
777
No we heading below $1dollar after crashing below this suport everyone will be dumping paper like it happend on crude oil few years .
the price of oil and natural gas cannot be so different for a long time.
I hope so bud, coz then we can buy at better prices to hold for longer
thats is why oil will be following right behind it soon, the target of oil above 100usd is no longer looking like it, and neither is gold to 2300, i suspect they will follow natty, but hey, i could be dead wrong like many times before
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