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Natural gas prices experienced further downward pressure yesterday, breaking through the critical support level of $2.440. The market settled around $2.380, indicating a shift back into a negative trend.
Looking ahead, the $2.610 level is anticipated to act as a significant barrier against continued declines. Key market indicators are aligning to suggest an increase in negative momentum, which raises the likelihood of further losses. Analysts are targeting potential price levels of $2.300 and $2.245 in the near term.
For today, the expected trading range for natural gas prices is projected to be between $2.300 and $2.470.
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