Natural gas price keeps the negativity – Forecast today – 17-4-2024

Expected Scenarios

• No change to natural gas price negative track for now.
• Negative momentum coming from major indicators.
• Touching 1.665 level yesterday, approaching the first suggested target.
• Continuous negative pressures and settling below $2.000 barrier will increase efficiency of bearish track.
• Expecting attack on historical support at 1.540 soon.
• Breaking this support may lead to additional losses extending towards $2.350 and $2.200 initially.

Expected Range for Today

The expected trading range for today is between $1.780 and $1.540.

Trend Forecast: Bearish