The seasonal chart for natural gas shows the price trend over the past 3 (blue line) and 5 years (black line) in comparison to the current year shown in green.
The first of two expected seasonal lows has likely formed in the market the last week of April, slightly later than in past years.
A secondary seasonal low is expected post-summer typically forming during the months of August or September.
On both a 3 and 5 year time frame, the secondary seasonal low tends to be the lowest price point of the year for natural gas.
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