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Natural gas price continues to decline – Forecast today – 31-5-2024
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Natural gas price continues to decline – Forecast today – 31-5-2024
May 31, 2024 1:50 AM

Natural Gas Price Analysis Expected Scenario Natural gas price still affected by the negative pressures; represented by holding below the bullish channels resistance line at 2.900$ in addition to stochastic fluctuation within the oversold areas, to notice approaching the negative target at 2.510$. Facing continuous negative pressures might force it to break 2.510$ level to open the way to target new negative stations that might start at 2.430$ followed by reaching 61.8% Fibonacci correction level at 2.330$. Expected Trading Range Between 2.620$ support and 2.430$ resistance.

Trend Forecast: Bearish

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