Natural gas price is weak – Forecast today – 19-4-2024

Natural Gas Price Analysis

Expected Scenario

• Despite intraday stochastic positivity, natural gas price remains negatively stable below the $2.000 barrier, signaling readiness to initiate new negative waves in the near and medium-term.
• New negative momentum is required to facilitate targeting the major support at $1.540. Breaching this support would likely lead to further decline towards the next negative stations at $2.220 and $2.090.

Expected Trading Range

Between $1.830 support and $1.540 resistance.