Natural Gas Prices Face Break Below $2.620

Natural gas prices have been experiencing weak trading and sideways movement around $2.740 in recent times. However, despite this stability, the prevailing negative factors are still present, with the price repeatedly staying below the barrier at $2.950. The main indicators are also showing a negative momentum, leading us to expect a break of the $2.620 level and subsequent holding below it.

This would make it easier for the price to reach further negative stations starting from $2.430 and $2.620. However, there is still a risk of a reversal in the overall trend and an upward path if the price surpasses the established resistance at $3.370 and stabilizes above it.

The expected trading range for today is between $2.430 and $2.80. The trend forecast remains bearish for natural gas prices.