Natural gas is experiencing a significant test at the critical support level of 272. As the price approaches this support zone, selling pressure continues. If this important support level around $272 is broken, a target in the 256–255 range could form and it may trigger a further decline to $250.
In the short term, while the outlook remains strong above 332.4, a close below this level would strengthen negative signals. In the medium term, moving below the levels close to $272 could lead the price into a deeper decline zone and open the possibility of falling below $250. Investors should closely monitor these critical levels and exercise caution in their position management.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Natural gas is experiencing a significant test at the critical support level of 272. As the price approaches this support zone, selling pressure continues. If this important support level around $272 is broken, a target in the 256–255 range could form and it may trigger a further decline to $250.
In the short term, while the outlook remains strong above 332.4, a close below this level would strengthen negative signals. In the medium term, moving below the levels close to $272 could lead the price into a deeper decline zone and open the possibility of falling below $250. Investors should closely monitor these critical levels and exercise caution in their position management.