Natural gas price lacks the positive momentum – Forecast today – 29-4-2024
Economies.com
2024-04-29 05:56AM UTC
Natural Gas Price Analysis
Expected Scenario
- Natural gas price postponed the bullish rally and provided new sideways trades by fluctuating near 1.9500$ recently, affected by the negativity of the major indicators, as stochastic declines below 50, while the MA55 forms additional barrier at 2.050$.
- The continuous contradiction between the price attempt to settle above 1.900$ against the mentioned negative pressures allow us to stay neutral for today and monitor the price until getting clearer signal for the next trend.
Expected Trading Range
Between 1.900$ and 2.050$
Trend Forecast: Neutral
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