Natural Gas Futures Find Floor After Four-Day Losing Streak

Natural gas futures ended their four-day losing streak on Wednesday morning after finding technical support, according to NGI. The struggling prices appeared to have finally found a floor, which is a welcome relief for market participants.

The August futures had been on a four-day slide, but forecasts remain bullish. LNG weakness has weighed heavily on sentiment in the market, contributing to the recent price drop. However, this latest development may indicate that natural gas prices are due for a rebound.