8
Natural gas prices have failed to sustain a breach of the $2.340 level, encountering resistance due to stochastic factors and forming a negative wave, ultimately settling near $2.200. The potential for a bullish turnaround hinges on the 61.8% Fibonacci correction level at $2.140, which could provide crucial support. If this level holds, it may boost positive momentum and push prices back towards the $2.340 barrier. Conversely, a drop below $2.140 could signal a bearish trend, with potential targets of $2.050 and $1.950.
The anticipated trading range for today is between $2.150 and $2.340.
Related topic:
Why Does Natural Gas Have an Odor?
