Natural gas prices have once again dipped below the $2.150 mark, signaling a continuation of bearish sentiment in the market. Analysts observe a potential decline towards the $2.050 level, with intermittent sideways movements influenced by stochastic indicators that counterbalance the stability of the MA55 indicator currently above ongoing trades.
The market remains within a predominant bearish channel, reinforcing expectations of further downside. Analysts emphasize the need for sustained negative momentum to facilitate potential declines to critical support levels at $1.950 and $1.860.
Today’s anticipated trading range is forecasted to fluctuate between $2.120 and $1.950, reflecting ongoing market volatility and bearish pressures.
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