US Natural Gas Prices Struggle Amid Mild Weather and Supply Glut

Natural gas prices are struggling to hold above $2.65 amid mild weather and a supply glut in the US.

The market is currently trading the September futures contract, but as the host notes, 'you don't need heating or cooling when it's comfortable outside,' which means natural gas demand remains low.

A breakdown from current levels could lead to a test of the $2.50 support level, according to the analysis.

The US is experiencing a unique situation with a surplus of natural gas, making it difficult for prices to rise in the short term.