This week, global crude oil prices plummeted, leading to natural gas futures prices are also hard to escape. Although the current market supply is tight, natural gas futures prices have plummeted due to macroeconomic factors and trading behavior caused by investors' loss of confidence. It is reported that the natural gas futures price in the New York Mercantile Exchange fell by nearly 20% in May, the biggest drop since 20 14!

In the past few months, natural gas futures were once regarded as the bright spot of the market, because in the North American market, tight supply led to high prices. However, as the oil price plummeted, oil companies cut production, and the demand for natural gas became clear, the price of natural gas futures also fell. In addition, the outbreak of COVID-19 epidemic has also impacted the market. Those investors who are optimistic about the prospect of natural gas are disappointed, and the global economic downturn has led to a general weakness in market investment sentiment.

Under this market prospect, natural gas futures have a downward trend in technology. Investors begin to question the market prospects, and then they may see more short positions. Although the long-term forecast is optimistic about the price of natural gas futures, in the short term, the market fluctuation may be more intense. Investors need to make careful decisions and pay attention to the balance between risks and benefits.