Natural gas prices have continued their downward trend, closing below the $3.190 mark, reinforcing the bearish outlook initially suggested. Yesterday, prices fell further to $3.040, nearing the first target level.
With the stochastic indicator approaching oversold conditions, there is an expectation for continued negative pressure, pushing prices towards the next target at $2.930, followed by a possible decline to the key support level at $2.780.
The expected trading range for today is between $2.930 support and $3.200 resistance.
Trend Forecast: Bearish
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