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Natural gas price postpones the rise – Forecast today – 12-4-2024
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Natural gas price postpones the rise – Forecast today – 12-4-2024
Apr 12, 2024 2:02 AM

Natural Gas Price Analysis Expected Scenario Natural gas price has postponed the activation of the bullish track, with frequent closings below the $2.000 barrier. Formation of negative waves and settling near $1.780 indicate the beginning of bearish sentiment. Expectations include gaining negative momentum from major indicators and renewing bearish attempts, with a potential target of $1.660 soon. Continuous negative pressures may lead to a test of historical support at $1.540. Expected Trading Range Between $1.880 resistance and $1.660 support.

Trend Forecast: Bearish

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