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Natural gas price awaits the positive momentum – Forecast today – 1-5-2024
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Natural gas price awaits the positive momentum – Forecast today – 1-5-2024
May 1, 2024 12:25 AM

Scenarios and Trading Range Expected Scenarios Natural gas price didnt achieve any new positive level yesterday. Returned and fluctuated near 1.960$ level, affected by negativity of major indicators. Contradicts the attempt to settle above the additional support at 1.900$.

Expect forming sideways trades until gathering positive momentum to renew pressure on the additional resistance at 2.180$.

Crawling below 1.900$ will force postponement of bullish attack and form new negative waves, possibly pushing it towards 1.820$ followed by reaching the major support at 1.710$.

Trading Range The expected trading range for today is between 1.920$ and 2.050$.

Trend Forecast Bullish

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