No news for natural gas price – Forecast today – 19-3-2024

Natural gas price formed new sideways fluctuation by settling near 1.735 and postponing the bullish attempts, due to the continuous contradiction between the major indicators, while the sideways trades might continue until succeeding to gather strong positive momentum to manage to surpass 1.810 and reach 2.000 barrier that forms the key to detect the next main trend.

On the other hand, forming new negative waves and crawling below 1.540 support line will cancel the positive overview to expect forming strong bearish waves that might push it to suffer big losses by crawling towards 1.350 and 1.220.

The expected trading range for today is between 1.650 and 1.810

Trend forecast: Bullish