Natural gas price moves slowly – Forecast today – 8-4-2024

Natural Gas Price Analysis

Expected Scenario

• The Natural Gas price repeated slow sideways trades, moving between the major levels represented by $2.000 resistance and $1.540 support line.
• Staying neutral is recommended until the price gathers positive momentum to surpass the mentioned barrier and regain bullish bias, targeting positive stations starting at $2.150 and $2.300.

Expected Outcome

The Natural Gas price is expected to continue its slow sideways movement until it gathers sufficient positive momentum to break above the $2.000 resistance level and potentially target positive stations at $2.150 and $2.300.

Expected Trading Range

Between $1.650 support and $1.900 resistance.