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Natural gas price needs an exit – Analysis – 2-5-2023
Natural gas price continuous fluctuation within the sideways track between 2.500 resistance and 1.950 support allows us to stay neutral for today, waiting to get new signal by surpassing one of the mentioned levels to manage to detect the next targets.
We remind you that breaching the resistance will allow the price to record some gains by reaching 2.850 and 3.100 levels, while crawling below 1.950 and providing negative close will force it to resume suffering the losses, to expect moving towards 1.480 followed by reaching the psychological support at 1.000.
The expected trading range for today is between 2.150 and 2.500
The expected trend for today: Neutral
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