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Natural Gas (NG) prices are trading at $3.70, down 1.58% as bearish pressure intensifies. The commodity has slipped below its pivot point at $3.87, signaling a continuation of the recent downward trend. Immediate support is seen at $3.55, with a deeper level at $3.33, aligning with the 200-day EMA of $3.38. On the upside, resistance at $4.14 and $4.35 remains critical to regaining bullish momentum.
The 50-day EMA, currently at $3.83, has shifted to act as a short-term resistance, adding to the bearish sentiment. The broader trend reflects caution, with natural gas struggling to maintain upward traction amid weak demand expectations.
For traders, a sustained move above $3.87 could revive bullish sentiment, targeting $4.14. However, failure to hold current levels could deepen the decline toward the $3.33 support zone, warranting close monitoring for further weakness.
WTI Oil Price Forecast
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