Popular question concerning natural gas prices: Prices are so low ($2.03 today). How much lower can they go?
Answer: the US is expected to run out of storage space for nat gas this summer. Once that happens, I think we will see a capitulation in nat gas. But that capitulation could come at much lower prices. It's not out of the question for nat gas to trade at $1.25-$1.50 this summer.
UPDATE April 17th: Nat gas broke below $2.00 today...
What are your thoughts?--- post in the comments section below...
Looks like I may be wrong on my call for lower natty prices. Since this post natty has rallied to over $2.30!
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