#USStockDrop Natural gas continues to be a crucial component of global energy consumption. Despite its essential role, recent price action has been notably bearish. As seen in the attached chart, Natural Gas (XNGUSD) has plummeted over 35% from its March highs, now hovering around the $3.19 level. This sharp decline appears to be part of a broader corrective move, potentially targeting the price gap formed in February. A mix of rising supply driven by stronger output and subdued demand due to milder weather forecasts has contributed to this slide. Additionally, healthy inventory levels are further easing pressure on demand.

Technically, the breakdown below the key support at $3.318 has opened the door for further downside. The price is now approaching the next visible support zone around $3.114, as shown by the lower white horizontal line on the chart. This level may serve as a potential demand zone where buyers could begin stepping in. A bounce from this region could signal a short-term recovery, with a retest of the $3.318 level acting as a likely upside target if bullish momentum returns. However, if the price fails to hold $3.114, the gap-fill scenario toward the $2.996 low becomes more probable.