Natural Gas Prices Stabilize Ahead of Bearish Break

Natural gas prices have stopped their recent downward trend after reaching $2.650 and are hovering around $2.770, supported by a Stochastic indicator attempt to exit the oversold zone.

The current support level is at $2.620, while the resistance barrier remains at $3.450. If the price stays below this barrier, it may trigger further negative momentum, leading to a break below the current support and paving the way for bearish targets of $2.510 and then $2.280.

The expected trading range for today is between $2.800 and $2.510.