Natural Gas Prices Temporarily Stabilize Near $2.100

by Yuki

Natural gas prices experienced a period of temporary stability, settling close to $2.100, influenced by stochastic movements that approached overbought levels. This development counters the overall trend observed within the primary bearish channel evident on the chart.

Maintaining a bearish outlook, analysts emphasize the significance of the $2.150 level as a critical barrier, reinforcing the gathering negative momentum. This strategy aims to facilitate the targeting of further downside targets around $1.930 and $1.860.

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