Navigating Natural Gas Price Volatility Amid Market Uncertainty

Natural gas prices are experiencing further consolidation as a broadening formation develops, reflecting uncertainty at a critical support area. Resistance is seen around the downtrend line and lower declining parallel channel line, indicating a continuation of the bearish trend. The bearish continuation is expected to first target 1.98, then 1.97, with a high chance of testing trend lows around 1.95. If prices fall decisively below 1.95, the next area to watch for support is around 1.795.