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Natural Gas Price Awaits Positive Momentum – Forecast for June 14, 2024

by Jennifer

Natural Gas Price Analysis

The natural gas price has experienced a series of fluctuating and mixed trades, driven by conflicting major indicators. This dynamic has resulted in the postponement of a bullish assault, leading to a settlement near the $2.980 mark once again. It’s noteworthy that the bullish scenario remains valid and active as long as the major support at $2.855 remains unbroken. Consequently, market observers are patiently awaiting the accumulation of positive momentum, which would facilitate a breakthrough past the $3.200 barrier, with subsequent attempts to target the next significant level at $3.500.

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Expected Trading Range

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The anticipated trading range spans between the support level at $2.900 and resistance at $3.200.

Trend Forecast: Bullish

In light of the prevailing market conditions and the potential for positive momentum, a bullish trend is forecasted for the natural gas price.

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