Natural Gas Price Nears Key Support Level

The natural gas price has activated its previously predicted negative trend and is now approaching the support level of $2.620.

This support level was identified as an initial target in a bearish scenario, and if the current momentum continues, it may push the price to break this support and further decrease to levels around $2.510 or even $2.280.

However, if the price stabilizes above the support level and provides several positive closes, it could motivate a bullish corrective trend targeting the $2.950 level.