Natural gas price moves slowly – Analysis – 1-6-2023
Economies.com
2023-06-01 10:06AM UTC
Natural gas price didn’t move until this moment, to notice facing the negative pressures by providing frequent positive closings above the additional support 1.950, expecting to gather the positive momentum and increase the chances of testing the bearish channel’s resistance at 2.800.
On the other hand, facing strong negative pressures and crawling below the mentioned support will force it to activate the bearish track, to suffer many losses by declining towards the historical support near 1.480.
The expected trading range for today is between 2.200 and 2.600
The expected trend for today: Bullish
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