Natural gas price lost the negative momentum after stochastic rallied above the 50 level, resulting in a temporary correctional bullish rebound, settling near $2.180.
The bearish scenario remains valid as long as the $2.300 resistance line holds. We anticipate the price will gather negative momentum and target the downside stations, declining towards $2.100 and subsequently reaching the next target at $1.950.
The expected trading range for today is between $2.220 resistance and $2.100 support.
Trend Forecast: Bearish
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