Natural gas price prepares for new decline – Analysis – 20-3-2023
2 months ago

Natural gas price faced new negative pressures recently caused by stochastic, to force it to renew the pressure on 2.400 support line and postpone the correctional bullish rebound for now.


Note that succeeding to break the current support and holding below it will force it to suffer additional losses that might start by targeting 2.000 followed by extending losses towards 1.550, to form the next main target for the current trades.


The expected trading range for today is between 2.750 and 2.000


The expected trend for today: Bearish

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