Natural gas price still confined – Forecast today – 29-3-2024

No news for natural gas price until this moment, to continue fluctuating between the sideways track’s lines represented by 2.000$ resistance and 1.540$ support that hinders the attempts to resume the negative attempts.

Therefore, we will remain neutral to continue monitoring the price behavior until surpassing one of the major levels, as breaching 2.000$ will allow the price to cover the losses and form strong bullish waves to target 2.180$ followed by reaching the main target at 2.500$, while crawling below the mentioned support will force it to suffer big losses that might extend towards 1.220$ and 1.000$ initially.

Expected Trading Range for Today:

• Between 1.850$ and 1.620$

Trend Forecast:

Sideways