Natural gas prices have undergone a correctional bullish wave subsequent to touching the 2.253 level, signifying a temporary pause before potential resumption of the negative trend in the near-term.
It is imperative to emphasize the significance of maintaining levels below the initial barrier at 2.550. Additionally, the accumulation of negative momentum is crucial to facilitate the formation of new bearish waves, targeting 2.100 initially and ultimately aiming for the next key target at 1.950.
For today’s market movements, the expected trading range is anticipated to fluctuate between 2.430 and 2.100.
In summary, the prevailing trend for today remains bearish for natural gas prices, highlighting the importance of key resistance levels and the potential for further downward movements in the current market scenario.
