Natural gas prices have initiated a correctional bearish trend, influenced by consistent stability below $2.900, with current stability observed near the initial target of $2.640. Continuous negative momentum, as indicated by Stochastic, suggests a probable continuation of the correctional decline, with a potential test of additional support at $2.510 followed by an attempt to gather positive momentum, thereby potentially initiating a bullish trajectory once again.
Forecasted Trading Range
Traders can anticipate a trading range between the support level of $2.760 and the resistance level of $2.510.
Trend Analysis: Bearish Outlook