From Investing.com: 2025-02-23 22:26:00

Natural gas futures are expected to mimic moves from Dec. 2024 due to warmer US conditions and dry weather. High temps 10-15 F above historical average for late February anticipated. Russian gas flow to Europe may ease global competition, bringing lower prices. Technical analysis shows bearish pressure, resistance at $4.646 and support at 200 DMA at $3.907.

Weekly chart suggests potential gap-down opening, bouncing from support at $3.907 if opening above last week’s close. Volatility expected to continue above $3.907, with selling likely near resistance at $4.646. Daily chart shows selling pressure above $4.312, potential exhaustion indicated by hammer formation. Traders advised to use caution and strict stop-loss orders.

Traders urged to be cautious and use stop-loss orders due to expected volatility. Take any position in natural gas futures at your own risk.



Read more at Investing.com: Natural Gas: Bearish Pressures Incoming From Both Technical, Fundamental Sides