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No news for natural gas price – Forecast today – 9-4-2024
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No news for natural gas price – Forecast today – 9-4-2024
Apr 9, 2024 1:59 AM

Natural Gas Price Analysis Expected Scenario The natural gas price remains under the effect of a sideways track, continuing to form mixed trades by moving between $1.540 support and $2.000, which serves as the main barrier against regaining the bullish bias. Neutrality is maintained until either surpassing one of the mentioned levels to confirm the next main trend. Breaching the current barrier and holding above it would confirm a move to the bullish track and initiate gains, potentially starting at $2.150 and $2.300. Conversely, declining below $1.540 support and settling below it would lead to new losses, targeting $1.320 and potentially reaching the psychological support at $1.000. Expected Outcome The natural gas price is expected to continue its sideways movement, with mixed trades between support at $1.540 and resistance at $2.000. The direction of the next main trend will be confirmed upon surpassing one of these levels.

Breaching the $2.000 resistance and holding above it would signal a move to the bullish track, while declining below $1.540 support would lead to further losses.

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

Trend Forecast: Neutral

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