Natural gas price remains positioned below the 55-period moving average, fluctuating repeatedly near the $3.250 level, confirming its continued adherence to the bearish scenario, which is based on the stability of resistance at $3.520.

 

We emphasize the importance of the price gathering negative momentum at the current levels, which would allow it to form further bearish waves and target the $3.050 and $2.920 levels respectively in the near term. However, a breakout above the resistance level and stability above it would confirm a shift toward the bullish path, allowing the price to begin recording further gains with an initial target at $3.710.

 

 

The expected trading range for today is between $3.050 and $3.350

 

Trend forecast: Bearish