Natural Gas Price Analysis
Expected Scenario
The natural gas price has continued to exhibit calm bearish trades, recently crawling below the MA55 and achieving the second negative target at $2.370, which forms key support against the current trades. The price might experience some sideways trades, but the frequent stability below the 50% level at $2.580 and the continued negative indications from major indicators could force the price to break the current support, leading to additional losses that might extend towards $2.300 and $2.225.
Expected Trading Range
Today’s anticipated trading range for natural gas is between the $2.460 resistance level and the $2.300 support level.
Trend Forecast
The trend forecast for natural gas remains bearish.
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