Natural Gas Price to Keep Falling in July? The Downtrend Explained!

Natural Gas price is now 8% lower than its June high but it jumped over 2% today after data from the Energy Information Administration showed lower storage change numbers.

76 billion cubic feet were drawn in the week ending on June 23, significantly below the forecast of 82 billion cubic feet, confirming that there is strong demand for natural gas in the U.S. One of the potential reasons according to natural gas technical analysts is the warm weather.

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Chapters:
00:00 Intro
00:12 Natural gas news update
04:22 Natural gas price chart analysis
07:53 Recap

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