Eoin Treacy's view Natural gas remains in a medium-term downtrend. Excess supply and unseasonably warm weather have conspired to drive prices lower. However natural gas has become oversold in the short-term and is testing the region of the 2009 lows. I believe there is scope for a relief rally and opened a long in the February contract at $2.69 including spread-bet dealing costs. The risk is that I am anticipating the market and that momentum drives the market even lower in the short term. This article from Bloomberg may also be of interest.