No change for natural gas price – Forecast today – 18-4-2024

Natural Gas Price Analysis

Expected Scenario

• Natural gas price is still affected by negative factors, repeating negative fluctuation below the 2.000$ barrier.
• Contradiction between major indicators might force sideways trades until gathering additional negative momentum.

Expected Outcome

Natural gas price still affected by the negative factors, repeating the negative fluctuation below 2.000$ barrier as appears on the chart, while the current contradiction between the major indicators might force the price to provide sideways trades until gathering the additional negative momentum, to ease the mission of targeting the historical support at 1.540$.

On the other hand, breaching the 2.000$ barrier and holding above it will confirm moving to the bullish track and increase the chances of recording big gains that might start at 2.220$ followed by 2.490$.

Expected Trading Range

Between 1.830$ and 1.540$.