We expect more decline for NaturalGas during its upcoming trading, to target the support level 3.810. energycrisis energyprices
settled Wednesday at $4,009, down about 23.9 cents from Tuesday's close. The April contract fell by 23.8 cents to settle at $3,980.
Spot gas prices persisted. NGI's Spot Gas National Avg declined amid a steady rise in temperatures in most parts of the United States, dropping about 46.0 cents to settle at $4.155. In the meantime, traders may have to deal with surprises in the US inventory reports. Last week, the Energy Information Administration announced its largest winter drawdown to date of 268 billion cubic feet for the week ending Jan. 28.
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