$3 Barrier Blocks Natural Gas Price Momentum
Natural gas prices are facing resistance at $3 due to its psychologically significant figure and the presence of options above this level. According to current market conditions, there is a surplus of supply, with Americans not yet turning on their heating systems.
The storage levels remain minimal despite increasing exports of liquefied natural gas from the United States. The 50-day Exponential Moving Average (EMA) at $2.88 serves as a support level for natural gas prices.