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Natural gas prices have shown a continued lack of positive momentum, leading to further declines. Prices fluctuated below the key support level of $2.680, ultimately suffering additional losses that brought the price down to $1.648.
However, there is some potential for recovery as stochastic indicators are attempting to exit oversold territory. This could signal a reduction in negative pressures, allowing prices to stabilize above the $2.610 level. If successful, this stabilization may lead to the formation of bullish waves, with potential targets set at $2.780 and $2.830.
For today, the expected trading range for natural gas prices is between $2.630 and $2.780.
Related topic:
How Does The Natural Gas Delivery System Work?
