The price of natural gas continues its downward trajectory, nearing the crucial level of $2.225 as it anticipates a potential break below this point to confirm an extension of the bearish trend, with additional targets aiming towards $2.100.
Market analysts maintain a bearish outlook for the intraday and short-term periods, emphasizing that a breakthrough above $2.580 would invalidate the expected decline and potentially prompt a reversal to the upside.
Today’s anticipated trading range is forecasted between $2.180 and $2.320.
Trend Forecast: Bearish
Related topics: