Natural gas price faces solid support – Forecast today – 28-3-2024
Economies.com
2024-03-28 05:37AM UTC
Natural Gas Price Analysis and Forecast
Expected Scenarios
- Faced solid historical support at 1.540$ yesterday.
- Formed strong positive rebound and tested 2.000$ barrier.
- Turned back to fluctuate negatively below 1.810$.
- Contradiction between major indicators.
This increases the efficiency of the sideways track, expecting continuous fluctuation between the mentioned major levels. Stay neutral until surpassing one of these levels to manage to confirm the next expected trend.
Trading Range Forecast
The expected trading range for today is between 1.820$ and 1.550$.
Trend Forecast
Neutral
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