Analysis of the current natural gas price reveals a lack of significant changes, with the commodity still influenced by negative factors, resulting in repeated negative fluctuations below the $2.000 barrier. Despite this, there is a contradiction between major indicators, which could lead to sideways trading until additional negative momentum is gathered.
The expected outcome suggests that natural gas price will continue to be affected by negative factors, maintaining its negative fluctuation below the $2.000 barrier as depicted on the chart. The current contradiction between major indicators might prompt the price to engage in sideways trading until it accumulates additional negative momentum, potentially leading to a move towards the historical support level at $1.540.
Conversely, if natural gas manages to breach the $2.000 barrier and sustain a position above it, it would confirm a shift to the bullish track. This could increase the likelihood of recording significant gains, with potential targets beginning at $2.220 followed by $2.490.
The expected trading range for today is anticipated to fluctuate between support at $1.830 and resistance at $1.540.
Overall, the Trend Forecast remains Stable.
