Natural gas continues to stay rangebound with a floor below at $2.05/$2.00.

Natural gas continues to stay within a $0.25c range with the highs being $2.300 and the lows being $2.065. A break of the floor could see natural gas fall towards $2.000 with further support $1.568 (this is the 2020 pandemic low). Towards the upside, a break above $2.300 could see Natural gas push higher towards $3.00. In the short term gas will continue to be volatile, likely sticking within the range because of milder weather through the winter and going into the summer it's too early to tell what demand will be like. The Ukraine war is not having the impact many would have thought because the European winter was mild so reserves are actually above their 5-year average. Therefore this is keeping a lid on prices for the moment, to the downside though, good support for gas sits below because China has finally reopened its economy entirely so demand will increase for gas therefore seeing the lows of $1.568 from 2020 seems unlikely at the moment, however, it cannot be ruled out. Yearly dips like this can provide good medium/long-term positions as history has indicated a recovery from these levels many times before.