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Natural Gas Price Analysis Indicates Continued Bearish Momentum – 18-6-2024

by Jennifer

The natural gas price has exhibited ongoing stability below the resistance level of $2.870, reaffirming its submission to the previously indicated bearish bias. Additionally, stochastic indicators signal negative momentum, as they remain within oversold territories, thereby enhancing the likelihood of targeting negative levels, initially at $2.740, followed by the additional support level at $2.550.

Expected Trading Range

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Today’s trading range is anticipated to fluctuate between the support level of $2.880 and the resistance level of $2.740.

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Trend Forecast: Bearish

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