Natural Gas Struggles To Recover As Ample Supply Caps Upside

Nat gas is attempting to stabilize after a sharp selloff pushed prices below the psychologically important $3.00 level. The recent rebound has been modest, with prices consolidating ~$2.88.

Summary Natural gas remains under pressure despite persistent heat across large parts of the United States. Traders continue to focus on comfortable storage levels and robust domestic production, which have offset stronger power sector demand from air conditioning. Nat gas is attempting to stabilize after a sharp selloff pushed prices below the psychologically important $3.00 level.

The recent rebound has been modest, with prices consolidating around $2.88 while remaining below the short-, medium-, and long-term moving averages. NiseriN/iStock via Getty Images By Anton Kharitonov Natural gas ( NG1:COM ) remains under pressure despite persistent heat across large parts of the United States. Traders continue to focus on comfortable storage levels and robust domestic production, which have offset stronger power

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