Natural gas price has definitively succumbed to a bearish bias, recently closing below the critical 2.300$ level and forming downward waves, settling near 2.170$ as indicated on the chart.
The sustained negative momentum from major indicators suggests an increasing likelihood of targeting the initial main support at 2.100$. Further downside could occur upon breaching this level, potentially extending losses towards 1.950$ and 1.770$.
Today’s expected trading range is projected between 2.250$ and 2.100$.
Trend Forecast: Bearish
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