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Natural gas prices have maintained a downward trend, staying below the $2.150 barrier. Yesterday, the market witnessed the formation of a new bearish wave, with prices edging closer to an initial target of $1.950.
Current stochastic indicators show fluctuations within oversold conditions, which may lead to a period of sideways trading as the market accumulates further negative momentum. This scenario could facilitate a continuation of the decline, potentially driving prices to the next target of $1.870.
For today, the anticipated trading range is between $2.050 and $1.870.
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