Yesterday, natural gas prices surged towards a crucial resistance level of $2.225, marking a significant rebound from recent lows. The commodity ended the trading session on a positive note, settling near the prominent resistance line visible on the charts. Analysts are now anticipating a potential resumption of bearish trends, targeting support levels around $2.100 in the near term.
Technical indicators suggest that a sustained move below the MA55 (Moving Average 55) could reinforce bearish sentiment, supporting expectations for further downward movement. This bearish outlook remains valid unless the price manages to breach and sustain above the $2.580 threshold.
Looking ahead, the projected trading range for today spans between $2.250 and $2.420, reflecting ongoing market volatility and key levels of investor interest.
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Natural Gas Price Outlook: Bearish Momentum Continues
