Natural gas price continues to crawl negatively – Analysis – 2-2-2023
Economies.com
2023-02-02 05:38AM UTC
Natural gas price renewed the negative crawl, surrendering to the main stability within the bearish channel and the negative momentum coming by the major indicators, to settle near 2.500, while we will keep waiting to target the bearish channel’s support line at 2.180, noting that that breaking this support will force it to move to new negative track and suffer additional losses by moving towards 1.500 direct, which forms strong historical support line.
The expected trading range for today is between 2.750 and 2.180
The expected trend for today: Bearish
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