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Natural gas prices continue to be influenced by prevailing negative pressures, driven by weak momentum indicators. The $2.250 level has emerged as a significant barrier, contributing to a recent downward trend. On Monday, prices fell further, reaching a low of $2.060.
Looking ahead, it is anticipated that prices will experience additional declines, potentially approaching key support levels near $1.950 and subsequently $1.870.
Today’s expected trading range for natural gas is between $1.950 and $2.160.
Related topic:
Who Sets the Price of Natural Gas?
