Natural Gas Price Maintains Bearish Momentum – 17-4-2024

by Jennifer

The trajectory of natural gas prices remains unchanged, persisting on a negative track as of the latest update.

Major indicators continue to signal negative momentum, with prices touching the $1.665 level yesterday, nearing the first suggested target.


The sustained downward pressure, coupled with a settlement below the $2.000 barrier, is expected to reinforce the efficiency of the bearish trajectory.


Analysts anticipate an impending test of historical support at $1.540, with the possibility of a breach leading to additional losses, initially targeting $2.350 and $2.200.

The projected trading range for today spans between $1.780 and $1.540.

The trend forecast for natural gas prices remains bearish, with expectations of continued downward movement in the near term.

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