Natural gas prices have continued to close below the resistance of the bearish channel at $2.250, showing only weak sideways fluctuations near $2.190 despite some intraday stochastic positivity.
The stability of the 55-day Moving Average (MA55) above the resistance level reinforces the ongoing bearish trend. This suggests that the market will likely continue to gather negative momentum, with potential targets set at $2.050, followed by additional support around $1.950.
The expected trading range for today is between $1.050 (support) and $2.220 (resistance).
Trend Forecast: Bearish
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