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Natural gas price fluctuates near the support – Forecast today – 27-6-2024
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Natural gas price fluctuates near the support – Forecast today – 27-6-2024
Jun 27, 2024 12:13 AM

Natural Gas Price Analysis Expected Scenario Natural gas price returned to form sideways trades, settling near the minor bullish channels support line at 2.720$, affected by stochastic decline below 50 level, to force it to postpone the bullish attack for now. Motivating the bullish trades requires the stability above the current support line to ease the mission of targeting some positive stations by rallying towards 3.000$ and 3.180$ soon, while facing new negative pressures and crawling below the current support will force it to activate the correctional bearish track temporarily, to suffer some losses by crawling towards 2.620$ and 2.480$ before reaching any new positive target. Expected Trading Range Between 2.750$ support and 2.980$ resistance.

Trend Forecast: Bullish

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