The price of natural gas is once again experiencing negative movements, with current fluctuations around the 2.080 level. This downturn is attributed to the influence of negative momentum from major indicators, coupled with the formation of a new resistance barrier at 2.350.
Given these factors, the overall outlook remains pessimistic. The anticipation is for the price to target the next downside objective at 1.950 in the near term. Persistent downward pressures could further increase the likelihood of a move towards the historical support level at 1.540, representing the next significant target for bearish trades.
The expected trading range for today is projected to fluctuate between 2.300 and 1.950, with the prevailing trend indicating a bearish trajectory. Traders are advised to monitor the situation closely and stay informed about potential developments influencing natural gas prices.
