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Natural gas prices continue to exhibit bearish momentum, hitting an extended downside target near $3.310. This movement has temporarily slowed further declines, resulting in a period of weak sideways trading.
A strong support level has formed around $3.340, reinforced by negative signals from key technical indicators. These combined factors suggest continued downward pressure, with traders closely watching for a decisive close below $3.130. Such a move would confirm the potential for further declines, with new targets projected at $2.950 and $2.730.
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Today’s expected trading range is between $3.000 and $3.230.
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Trend Outlook: Bearish
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