Natural gas price surrenders to the negative pressures – Analysis – 12-2-2024

Economies.com
2024-02-12 07:23AM UTC

Natural gas price still affected by the negative pressures, to notice providing frequent closings below 2.150 resistance, forming new negative crawl by reaching 1.800, also, the continuous negative momentum provided by the major indicators will force the price to suffer additional losses, to keep waiting to reach the historical support at 1.560, which forms the main target for the current trades.

 

The expected trading range for today is between 2.000 and 1.560

 

The expected trend for today: Bearish

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