There is no change in the bearish trend of natural gas prices, as the market continues to stabilize below the key barrier at $3.520. In addition, repeated trading below the 55-period moving average increases the likelihood of forming new bearish waves in the near term, targeting $2.920 initially and then the major support level at $2.620.

 

On the other hand, if the price succeeds in breaking above $3.520 and maintains stability above it, this would confirm a shift to a bullish trend. In that case, a strong upward rally could develop, with initial targets at $3.730 and $3.950, respectively.

 

 

The expected trading range for today is between $2.920 and $3.300

 

Trend forecast: Bearish