Natural Gas Prices Expected to Drop Amid Market Correction

According to recent data from Italian PSV Natural Gas Daily Financial Futures (ICIS), a correction in the market is expected. The five-wave impulse that occurred between January 15 and January 26 of this year has been completed, and analysts predict that prices will drop.

The potential targets for the correction are between $6.360 and $4.677, with the most likely range being between $5.204 and $4.677, given that natural gas is a commodity. The exact structure of the correction is still unclear but is expected to become apparent as the move develops.

The estimated movement potential from current levels is around 4-30%, indicating a significant drop in prices.