6
Natural gas prices ended in the negative below the bearish channel’s resistance at $2.250, showing only minor intraday gains while fluctuating weakly around $2.190. The ongoing stability of the 55-day moving average above this resistance indicates that prices are likely to remain within the bearish trend. Traders should anticipate a continuation of the negative momentum, with initial support at $2.050 and a subsequent target at $1.950.
Today’s expected trading range is between $1.050 and $2.220.
Related topic:
Natural Gas vs Crude Oil: What is the Difference?
