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Natural gas price lacks the positive momentum – Forecast today – 29-4-2024
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Natural gas price lacks the positive momentum – Forecast today – 29-4-2024
Apr 29, 2024 12:24 AM

Natural Gas Price Analysis Expected Scenario Natural gas price postponed the bullish rally and provided new sideways trades by fluctuating near 1.9500$ recently, affected by the negativity of the major indicators, as stochastic declines below 50, while the MA55 forms additional barrier at 2.050$. The continuous contradiction between the price attempt to settle above 1.900$ against the mentioned negative pressures allow us to stay neutral for today and monitor the price until getting clearer signal for the next trend. Expected Trading Range Between 1.900$ and 2.050$

Trend Forecast: Neutral

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