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Recent trading in natural gas prices has displayed some positive movements, notably reaching the resistance level of $2.240 within a minor bearish channel. This suggests a continuation of the previously forecasted bearish trend. Major indicators are signaling increased negative momentum, potentially driving prices down to target $2.100, with further support at $1.950. Conversely, if prices breach the resistance level and close positively above $2.240, a shift to a bullish trend could be confirmed, with initial targets set at $2.340 and $2.450.
Today’s expected trading range is between $2.100 and $2.240.
Related topic:
Who Is The Largest Producer of Natural Gas?
