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Natural gas prices attempted to break through resistance levels yesterday, reaching $2.240 but ultimately fell short. The price was further impeded by the 55-day moving average (MA55), which is positioned at $2.285. This resistance led to a decline, with prices settling at $2.142.
The stochastic indicator has begun to signal increasing negative momentum, intensifying the downward pressure on prices. Consequently, the bearish outlook remains intact, with potential target levels around $2.020 and $1.950.
For today, the expected trading range for natural gas is between $2.020 and $2.160.
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What Is Natural Gasoline? [Revealed]
