Natural gas prices have once again struggled below the $3.570 resistance level, responding to ongoing bearish pressure as indicated by the negative stochastic readings. This has resulted in another downward push, with prices falling below $3.350 and settling at $3.180, reflecting a significant loss.
Given the persistent negative momentum, natural gas could face further declines, potentially targeting the $2.970 and $2.830 support levels in the near future.
Expected trading range for today: $3.380 – $3.970
Trend forecast: Bearish
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