2
Natural gas prices underwent a substantial correction yesterday, influenced by stochastic consolidation below the 50 level. The market is now nearing additional support at $2.780.
Analysts predict continued volatility due to conflicting signals from major indicators. This instability may persist until the market accumulates sufficient positive momentum to facilitate renewed bullish attempts. If successful, prices could aim for resistance levels at $3.000 and $3.200.
For today’s trading session, the expected price range for natural gas is between $2.800 and $3.000.
Related topic:
Biogas Vs Natural Gas: Which Is Better?
