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Natural gas prices have firmly embraced a bearish trend, marking a significant downturn with a recent close below the critical $2.300 level. Chart analysis reveals a formation of negative waves, settling near $2.170.
Continued downward momentum is bolstered by major indicators, heightening expectations of targeting the initial support level at $2.100. A breach below this crucial point could potentially amplify losses, pushing prices towards $1.950 and subsequently $1.770.
For today’s trading session, analysts anticipate a trading range bounded between $2.250 and $2.100, reflecting the prevailing bearish sentiment in the natural gas market.
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