Gas Prices Catch Fire: 25-Month High Reached Amid Winter's Fury

Natural gas futures have reached a 25-month high, marking a significant price increase.

This surge is attributed to two primary factors:
1. Cold Weather: Unusually cold temperatures in key regions have increased demand for natural gas, as it is a primary source of heating.
2. Supply Disruptions: Issues in natural gas production or distribution have tightened supply, further driving up prices.

◉ Technical Observations
● After breaking out of the Inverted Head & Shoulders pattern, the price soared to $4.350.
● Subsequently, the price faced a significant pullback to around the $3.30 mark.
● However, the price rebounded from this point and is now at a 25-month high, with expectations for continued growth.