Natural Gas Price Analysis: Will Key Support Hold or Break Amid Market Uncertainty?
Natural gas stabilized near long-term support, holding inside a narrow range, as technical indicators suggest potential for either renewed weakness or early signs of reversal.Natural gas continued to test support at a key long-term support zone on Tuesday. A breakdown attempt was made yesterday but there were no signs of further selling. Instead, natural gas rallied and traded within a range of $2.93 to $3.04. That kept it within Monday’s price range and showed indecision. Monday’s low of $2.90