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Natural Gas Crashes Into Historic 25-Year Price Support

Published 02/16/2024, 03:15 PM
Updated 07/09/2023, 06:31 AM

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

I was all in by 1.8. No end in sight, wait it out. Now NG may hit north of 4s again once production cuts happen and hot summer then cold winter.
Today it seems he bought atower... Manipulation
Why is my PG&E natural gas bill so high, if Nat Gas is at 25 year historic lows ? How come I had the highest PG&E Nat gas bill in 22 years ? Something doesn't add up here...
because most of what you pay is taxes. if you didn't know already.like everything else..
Greedy Corporations 🤔 paying off and lobbying politicians. All a bunch of crooks.
it literally says natural gas Rate on the bill. they are just corporations ripping you off
Alex, are you being manipulated when you turn on the gas oven or the gas furnace?
If bulls dont show up, the downside has to be limited. Upside has a lot of potential to whipsaw in reaction.
Last year it surprised Bears when it suddenly spiked to 3+ in March after winter was just over. Surely does not follow any. fundamentals!
Your illusion on numbers. It’slimited downside by values, but not its rate of change. That’s what matters for trading.
Every four years this kind of oppertunity is coming and more over in the year of the US elections
Hehe so insightful! Simply it is manipulated
as is everything else
Pack your tanks, we're going to the moons of Saturn
It can be a once life time opportunity!
thanks for good opinion
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