Natural gas price is slow – Analysis – 3-4-2023

Economies.com
2023-04-03 06:13AM UTC

Natural gas price continued to provide slow negative trades to keep the negative track caused by the main stability within the bearish channel that appears on the chart, reminding you that it is important to hold below the additional resistance at 2.500 to confirm the preparation to resume the decline that might target 1.750 followed by reaching the historical support 1.480.

 

On the other hand, surpassing the mentioned additional resistance and holding above it will postpone the decline, to expect forming correctional bullish waves to target 2.820 and 3.100 levels.

 

The expected trading range for today is between 2.400 and 1.750

 

The expected trend for today: Bearish

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