NATGAS Contracts Face Bearish Outlook Amid Breakdown Below Key Support

Natural Gas Day Futures contracts are facing a bearish outlook according to a recent analysis. The NATGAS contract made a breakdown below a support cluster formed by rising and horizontal support levels around $3.717. This level is now acting as resistance, which the analysts expect to lead to further downward pressure in the coming week.

The analysts are bearish on NATGAS mid-term, anticipating a significant move down despite a local pullback on Thursday and Friday. The exact price movement or target is not specified in the analysis, but the overall tone suggests a negative outlook for the contract.