Despite enduring persistent downward pressures from major indicators, the natural gas price has demonstrated notable resilience, consistently hovering above the historical support level of 1.540. This resilience has mitigated the risk of further losses in the market.
Forecasts suggest that the natural gas price will likely engage in mixed sideways trading patterns as a strategic response to the prevailing negative pressures. This approach aims to counterbalance downward trends and bolster the prospects of regaining positive momentum. The objective is to recuperate losses and aim for favorable benchmarks, notably targeting levels starting at 1.810 and potentially reaching the significant barrier of 2.000.
For today’s trading session, the anticipated range is expected to oscillate between 1.610 and 1.750, reflecting the current market dynamics.
Trend Forecast: Sideways Movement
