Natural gas surges as January turns frigid: Will the rally continue?

Bullish sentiment dominates

Year-to-date, natural gas prices are up 58%, with a 15% spike in February futures on Monday alone. Algorithmic funds have shifted to net long positions, reflecting growing confidence in further price increases.

Key technical levels for natural gas

Resistance lies at $4.176 and $4.363, with support at $3.852 and $3.614. The trajectory hinges on whether frigid weather persists into late January or eases, leaving traders on edge as the market watches every shift.

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