No news for natural gas price – Forecast today – 11-4-2024

Natural Gas Price Analysis

Expected Scenario

• The Natural Gas price didn’t move until this moment, affected by the continuous contradiction between the major indicators, leading it to hold below the 2.000$ barrier and settle near 1.880$.
• We recommend staying neutral and waiting to achieve the required breach to start recording positive gains, moving towards 2.150$ and 2.300$ levels. It's crucial to hold above the 1.750$ additional support to decrease the chances of surrendering to the domination of the bearish bias.

Expected Outcome

The Natural Gas price remains stagnant, influenced by contradictory major indicators, and holding below the 2.000$ barrier, settling near 1.880$. Staying neutral is recommended until achieving the required breach to start recording positive gains towards 2.150$ and 2.300$ levels. Holding above the 1.750$ additional support is crucial to mitigate the bearish bias.

Expected Trading Range

Between 1.850$ and 2.000$.