The natural gas price market experienced a new period of sideways movement, hovering around the 1.735 level. This stagnation in price action is attributed to the ongoing conflict between key indicators. The market is currently characterized by uncertainty, with sideways trading likely to persist until a strong bullish momentum emerges to break above the 1.810 resistance level. This breakthrough is essential for signaling the initiation of the next significant trend, with a target set at the 2.000 barrier.
Conversely, if the market forms new downward movements and breaches the 1.540 support line, it would invalidate the bullish outlook. In this scenario, there is a possibility of substantial bearish pressure, leading to significant losses as the price declines towards the 1.350 and 1.220 levels.
Expected Trading Range: 1.650 – 1.810
Trend Forecast: Bullish
