NG Price (FOREXCOM) Outlook: Potential Drop Toward 3.400–3.300

Natural gas surged to 3.682 (FOREXCOM CFD), supported by yesterday’s inventory drop and the short-term cold weather forecast.

However, in the short term, if weather conditions normalize, we may see downward pressure on NG prices, with potential retracements to 3.400 and further to 3.300 levels.