Natural gas back to January lows
The slump in natural gas prices goes on, matching the weak seasonality often seen in April and May.
Despite a rally off the lows yesterday, the price remains under pressure, with no sign of a continued rebound in early trading this morning. January’s low of 3000 was tested yesterday, and a higher close today or early next week might suggest that a short-term low could form.
A close below 3000 would then see the mid-December low at 2930 tested.
Natural gas daily chart