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Natural gas price begins to decline– Forecast today – 5-8-2025
AI Summary
- Natural gas price has begun to decline, breaking a neckline at $3.050
- Negative indicators suggest a bearish track with potential stations at $2.710 and $2.390
- Forecast for today's trading range is between $2.710 and $3.050, with a bearish trend predicted
Natural gas price activated with the negativity of the main indicators to break the neckline of the head and shoulders pattern at $3.050, to open the way for activating the suggested bearish track by its fluctuation near $2.950.
The continuation of providing negative momentum by the main indicators will reinforce the chances of confirming breaking the previously mentioned neckline, which makes us prefer targeting several negative stations that might begin at $2.710 reaching extra support at $2.390.
The expected trading range for today is between $2.710 and $3.050
Trend forecast: Bearish
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