The natural gas price continues to exhibit a sideways pattern, oscillating between the established levels of 3.300 resistance and 3.100 support. In the absence of significant news impacting the market, a neutral stance is recommended. It is advisable to monitor the price until a decisive move beyond either of these levels occurs, providing confirmation of the subsequent expected trend.
A breach above the mentioned resistance would signify a renewal of bullish attempts, with potential targets at 3.550 and 3.700 initially. Conversely, a decline below the support level would activate the bearish trajectory, with a focus on reaching the key support at 3.780.
For today, the projected trading range spans from 3.300 resistance to 3.100 support.
Anticipated Trend for Today: Neutral
