No news for natural gas price – Forecast today – 21-3-2024

Natural gas price still affected by the domination of the sideways bias due to the continuous contradiction between the MA55 negativity that settles above the current price against stochastic attempt to provide the positive momentum which assists to decrease the chances of attacking the historical support at 1.540.

The sideways trades might extend for additional time until the price succeeds to surpass 1.810 level and ease the mission of forming new bullish waves in order to renew the pressure on 2.000 barrier, assuring the importance of breaching this obstacle to ease the mission of moving to the bullish track in the upcoming period.

The expected trading range for today is between 1.650 and 1.810

Trend forecast: Bullish