Natural gas price crawls negatively – Forecast today – 16-4-2024

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.