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Natural Gas Forecast: Continues to See Major Headwinds

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Natural gas markets experienced a minor setback during Tuesday\u0027s trading session.

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This recent struggle can be attributed to seasonal effects, particularly the decrease in demand for natural gas as we approach the summer season. It is worth noting that occasional heat waves in the northern hemisphere can temporarily drive-up natural gas prices during summer, and this will happen eventually. However, such instances are more likely to serve as opportunities to sell rather than indications of a sustained upward trend. The true movement in the market is expected to occur later in the summer when European countries will need to replenish their natural gas storage in preparation for another winter without Russian gas.

 

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