Top
image credit: Adobe Stock

Natural Gas Price Weekly Outlook: Bearish Rectangle Breakout Spells Trouble?

February 20, 2023

Via: DailyFX
Category:

Natural gas prices continued a broader losing streak since the summer of 2022 last week. Following a brief pause on the week of February 6th, the commodity fell 9.5% over the past 5 trading sessions. Prices also confirmed a breakout under the March 2021 low. This meant the lowest close since September 2020. Moreover, it seems prices are continuing to follow the bearish trajectory of a Head & Shoulders chart formation. Is more pain ahead?

Read More on DailyFX