Natural gas prices remained largely unchanged during today’s early trading session, continuing their recent pattern of sideways movement around the $3.710 level. This ongoing consolidation reinforces expectations of renewed downward pressure, particularly as long as the market remains capped below the established resistance level at $3.87.
Market analysts observe that the lack of directional momentum reflects investor hesitation, but also suggests that bearish sentiment could regain traction in the near term. With no new catalysts driving volatility, technical signals remain a crucial indicator for short-term movements.
A decisive break below the immediate support level of $3.600 would likely act as a trigger for stronger bearish momentum, potentially opening the path toward deeper targets at $3.450 and $3.320. Such a move would confirm the continuation of a broader downward trend, aligning with current technical expectations.
Conversely, if natural gas prices were to breach the $3.87 resistance and maintain levels above it, this would shift the market bias back to bullish. In that scenario, a rally toward $3.960 would become a more probable outcome, reversing the recent trend of weakness.
For today’s session, the expected trading range lies between $3.550 and $3.800, with the short-term outlook favoring a bearish trend unless upward momentum overcomes key resistance thresholds.
Traders are advised to monitor price action closely near support and resistance zones, as any breakout from the current consolidation could define the next significant directional move.
