EEX NBP EGSI Natural Gas Prices Hit $1.900 as Downtrend Continues

Natural Gas prices are bearish in the short-term technical outlook as the downtrend continues since late January. According to TradingView, the long-term trend remains a downtrend with clear tops and bottoms forming a wide Rectangle pattern since late 2009.

Currently, Natural Gas is trading below its middle level within this pattern but still subject to the overall downtrend. As per historical data, the market has consistently hit at least $1.900 since 2012.