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Natural gas price surrenders to the sideways track – Forecast today – 5-4-2024
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Natural gas price surrenders to the sideways track – Forecast today – 5-4-2024
Apr 5, 2024 3:57 AM

Natural Gas Price Analysis Expected Scenario The natural gas price failed to breach the $2.000 barrier, confirming the dominance of a sideways bias. It has been observed crawling towards $1.780. Expected Outcome It's recommended to stay neutral and monitor the price, particularly regarding major levels represented by the mentioned resistance and $1.540 support line.

These levels form solid obstacles against attempts to resume a negative attack and suffer new losses.

Expected Trading Range Between $1.650 support and $1.900 resistance.

Trend Forecast: Neutral

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