The natural gas price has maintained its position within a bearish channel, currently impacted by the MA55 reaching an additional barrier at $2.340. This pressure has led to the formation of negative waves, with the price settling around $2.190.
Stochastic indicators are approaching oversold levels, which heightens negative pressure on the price. We anticipate a potential decline towards the $2.140 level. A breach of this support could extend losses, possibly reaching $2.070 and even $1.950.
The expected trading range for today is between $2.280 and $2.140.
Trend Forecast: Bearish
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