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Natural Gas Price Declines Continue – Forecast for July 15, 2024

Natural gas prices have persisted under downward pressure, maintaining stability below the MA55 barrier set at $3.170. This has prompted a renewed negative trend, with prices expected to settle around $2.270.

Continued downward pressure supports our current bearish outlook, suggesting further potential losses towards $2.100, followed by an additional support level at $1.950.

Today’s expected trading range is projected between $2.460 and $2.100.

Trend Forecast: Bearish

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