Natural gas prices continue to trade in a range of over 700pts

Natural Gas prices continue to trade within a range of $2.000 and $2.700 in June. As the weather will now start to warm up across the US and Europe demand could start to pick up again. Support for the commodity sits firmly at $2.070 as investors seem to have formed a base. Just a few weeks back natural gas provided a fake breakout only to drop nearly 20% therefore confirming this market is still incredibly volatile.

Looking at current resistance above sits at $2.359 followed by $2.442. The risk to reward right now is slightly biased to the upside, with a 250pt drop to a near 500pt possible gain.