The seasonal trend chart for natural gas shows the market trend over the past 3 (blue line) and 5 (black line) years in comparison to the current year shown in green.
The triangle patterns triggered nearly 3 weeks ago point toward continued weakness in the market near term.
Longer term, a post-winter seasonal low is expected in upcoming weeks. Given the price level the market has fallen to, this could be a multi-year low in natural gas.
There is a second seasonal low in the market which forms post-summer typically during the months of August and September.
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