Natural gas price crawls negatively – Forecast today – 16-4-2024
Economies.com
2024-04-16 05:50AM UTC
Natural Gas Price Analysis
Expected Scenario
- Natural gas price surrendered to the negative pressures caused by the stability of the MA55 above $2.000 barrier.
- In addition to stochastic additional negative momentum, to notice providing new negative crawl recently and settling near $1.700.
- The current negative factors allow us to keep the negative overview, waiting to crawl below $1.650 soon to manage to renew the pressure on the historical support at $1.540.
- Followed by monitoring its behavior to manage to confirm the next main trend.
Expected Trading Range
Between $1.780 and $1.540.
Trend Forecast: Bearish
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