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Natural gas prices continue on a bearish trajectory, fluctuating below the MA55 mark, currently at $2.150. This reinforces the stability of the $2.150 barrier, with the market maintaining its position within a bearish channel. The stochastic indicator’s exit from overbought areas further supports the negative outlook.
Analysts suggest that the initial downside targets remain near $2.000 and $1.870. Today’s expected trading range is projected between $2.150 and $2.000, highlighting ongoing bearish sentiment in the natural gas market.
Related topic:
Natural Gas vs. Oil: Which Is Better?
