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HomeLatestNatural Gas Price Shows Negative Momentum – Forecast for July 11, 2024
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Natural Gas Price Shows Negative Momentum – Forecast for July 11, 2024

Today, natural gas price is demonstrating new negative trades, attempting to diverge from the bearish trend line visible on the chart. This reinforces the outlook for a continued bearish trend, with initial targets focused on breaking below 2.225 to potentially extend towards 2.100$.

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The overall forecast maintains a bearish bias for the upcoming period unless there is a decisive breach above 2.580$ accompanied by sustained trading above this level.

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For today’s trading, the expected range is anticipated to fluctuate between 2.200$ support and 2.400$ resistance.

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Trend Forecast: Bearish

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