In recent market developments, natural gas prices have come under the influence of a discernible downturn, hovering in proximity to the 20-level mark. This shift has initiated a fresh bearish wave, with the primary target being the additional support level at 3.250, as prominently illustrated on the price chart.
The current market outlook hinges on the resilience of the aforementioned additional support, which will play a pivotal role in determining whether we can anticipate a resurgence in positive endeavors, setting its sights on the 3.750 level. Conversely, a breach below this support level will solidify the dominance of a corrective bearish sentiment, potentially leading to substantial losses as prices head toward 3.050, with the ultimate destination being the critical support level at 2.780.
For the trading day ahead, the anticipated price range is forecasted to oscillate between 3.200 and 3.750.
As we assess the immediate trajectory, the prevailing trend suggests a bullish sentiment for today’s trading session.
