Commodities
Italian PSV Natural Gas Prices to Fall Further on Hedge Fund Short Positions
Natural gas prices are expected to continue falling in the coming days and weeks, according to a recent analysis. Hedge funds remain net short on natural gas, while retail traders are still holding onto their long positions.
A key support zone for natural gas has been identified at approximately $2.36, dating back to 2024. The current bearish trend is expected to continue as producers and leveraged funds continue with short hedging.
The analyst predicts a further decline of -12% in the next few days/weeks, as long positions are unwound by retail traders.