Natural gas prices have experienced fluctuations driven by conflicting market indicators, resulting in a temporary positive rebound after touching $1.900 and reaching $2.050. Despite these movements, stability within the bearish channel persists, with a solid barrier forming around $2.150. Analysts suggest awaiting additional negative momentum to potentially trigger a downturn, targeting the $1.870 level in the near term. A breach of this level could extend losses towards $1.550, marking the next significant downside target.
Stochastic indicators have entered oversold territory, indicating a shift away from positive pressures towards the anticipated negative momentum needed to achieve the aforementioned targets.
Today’s expected trading range spans from $2.120 to $1.870, reflecting ongoing volatility and market sentiment adjustments.
Related topic:
