Natural gas prices recently tested a significant resistance line on the chart, experiencing a bearish rebound from this level. This movement reinforces the continuation of the bearish trend in the near term, supported by downward pressure from the EMA50 indicator. The market awaits a decisive break below the $2.225 mark to confirm further downside potential, targeting the next support around $2.100.
Conversely, a breach above $2.580 would invalidate the current bearish outlook, signaling potential for price recovery. Initial bullish targets would then focus on testing resistance near $2.582.
Today’s anticipated trading range is expected to fluctuate between $2.200 and $2.400, reflecting ongoing market volatility and directional uncertainty.
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Natural Gas Prices Approach Key Resistance
