Natural gas prices have recently shown some positive movement, reaching the resistance of the minor bearish channel at $2.240. This reinforces the ongoing bearish trend.
The major indicators are now signaling increased negative momentum, raising the likelihood of a further decline. Targets include $2.100, followed by additional support at $1.950. However, if the price breaks above $2.240 and maintains a positive close, a shift to a bullish trend is possible, with initial targets of $2.340 and $2.450.
The expected trading range for today is between $2.100 support and $2.240 resistance.
Trend Forecast: Bearish
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