Natural gas price started forming slow bearish waves, attempting to activate the previously suggested downside scenario as it moves toward $3.070, moving away from the resistance level at $3.350.

 

Currently, with the main indicators providing negative momentum, increasing the chances of attacking the $2.920 level. A break below this level would open the door toward additional bearish targets, potentially starting at $2.800, and extending to the support near $2.620.

 

On the other hand, a shift back into an upward trend would require a strong bullish surge, allowing the price to stabilize above $3.520. This would enable it to record further gains, gradually targeting $3.710 and $3.950 respectively.

 

 

The expected trading range for today is between $2.920 and $3.180.

 

Trend forecast: Bearish