Latest Articles

HomeLatestNatural Gas Price Forecast Update - 9-7-2024
Advertisements

Natural Gas Price Forecast Update – 9-7-2024

Natural Gas Price Analysis

Advertisements

Expected Scenario

Advertisements

Natural gas price approached the awaited target near 2.225$, but it rebounded bullishly to close positively yesterday, settling near a resistance line visible on the chart. Currently, the expectation is for the price to resume its negative trajectory, targeting areas around 2.100$ as the next bearish station.

Advertisements

Moving below the MA55 (Moving Average 55) supports the continuation of the anticipated bearish wave, which remains valid unless there is a break above 2.580$ followed by a sustained hold above this level.

Expected Trading Range

  • Support: 2.250$
  • Resistance: 2.420$

Trend Forecast: Bearish

Related topics:

Advertisements
Advertisements