Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Tuesday, achieving slight daily gains until the moment of writing this report, by 0.57%.
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Natural gas prices settled on Thursday at their lowest level since May 2021 and recorded a day Friday, its sixth straight weekly loss. Traders also focused on strong production and expectations of mild weather in mid-February, which sent natural gas futures lower on Monday. January settled as generally mild and while there were winter storms in December these proved short-lived, leaving the market weak in terms of sustained demand.Technically, natural gas continues its decline amid the negative signals of the relative strength indicators, despite reaching areas that are highly saturated in selling operations.
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