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Natural gas prices have continued to experience negative trading patterns, moving away from the resistance level of $2.440. Currently, prices are consolidating near the initial negative target of $2.250.
Despite this trend, stochastic indicators show consolidation in oversold territory, which may lead to some sideways trading. There is potential for prices to test the $2.340 level before attempting to gather additional negative momentum. This could facilitate a resumption of downward pressure, with a subsequent aim to reach the key target of $2.140.
For today, the anticipated trading range for natural gas is between $2.140 and $2.340.
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