Latest Articles

HomeLatestNatural Gas Price Under Negative Pressure – Forecast for July 3, 2024
Advertisements

Natural Gas Price Under Negative Pressure – Forecast for July 3, 2024

Natural Gas Price Analysis

Advertisements

Current Scenario

Advertisements

Natural gas price remains under significant negative pressure, with the $2.580 level acting as a formidable resistance barrier. Stochastic indicators continue to fluctuate within oversold territory, heightening the likelihood of further declines. Traders are advised to observe a potential test of the extended support level at $2.370 and monitor price behavior closely for indications of the next trend.

Advertisements

Bearish Outlook

A breakout above $2.580 and sustained trading above this level would signal a reversal towards a bullish trajectory, with potential targets at $2.780 and attempts to breach the $2.950 obstacle.

Expected Trading Range

  • Support: $2.370
  • Resistance: $2.550

Trend Forecast: Bearish

Related topics:

Advertisements
Advertisements