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Natural gas prices showed limited movement yesterday, trading sideways within a narrow range. The price fluctuated between the resistance level of $2.230 and the moving average (MA55), which supports the additional support level at $2.140.
We advise maintaining a neutral stance until the price breaks through one of these key levels. A move above $2.230 could lead to a strong bullish trend, potentially pushing prices to $2.350 and possibly $2.440. Conversely, falling below $2.140 might signal a bearish trend, with prices potentially dropping to $1.950.
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Today’s expected trading range is between $2.230 and $2.140.
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