Natural gas price postpones the rise – Forecast today – 12-4-2024

Natural Gas Price Analysis

Expected Scenario

• Natural gas price has postponed the activation of the bullish track, with frequent closings below the $2.000 barrier.
• Formation of negative waves and settling near $1.780 indicate the beginning of bearish sentiment.
• Expectations include gaining negative momentum from major indicators and renewing bearish attempts, with a potential target of $1.660 soon.
• Continuous negative pressures may lead to a test of historical support at $1.540.

Expected Trading Range

Between $1.880 resistance and $1.660 support.