There seems to be no respite or relief rally for Natural gas, which is down for fifth consecutive day and broken below $2/mmbtu for first time since 2012.
Technically speaking, though crucial support lies around $1.85/mmbtu area, but it doesn't seem to be the end.
In last three days trading Natural gas price has fallen close to 18% and further decline might be on card before FED policy announcement tomorrow. Warmer than expected weather is likely to lead to lesser demand for Natural gas this winter in North America as storage is close to record.
Falling prices in Ngas along with oil is likely to deteriorate the outlook and credit rating of shale energy companies in US, who are struggling with their debt already.
If weather fails to support demand, Natural gas price is likely to deteriorate to as low as $1.5-1.4/mmbtu.
Natural gas price is currently at $1.97/mmbtu.


State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit
Buy the Dip: Gold Holds Strong at $3980, Targets $4150
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness
Vietnam’s population hit the 100 million milestone. Where’s it headed?
AI can be a personal trainer in your pocket – but is it safe?
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails 



