NATGAS short view
Updated
During the Asian trading session, natural gas prices are retreating from the previous high at the $6.70 level. The price is now making a bearish turn below the $6.60 support level. Now we can expect a pullback to the lower support zone around the $6.40 level. If the bearish pressure continues, the price could visit the $6.20 and $6.00 levels. For a bullish option, we need positive consolidation and price growth up to the $6.80 level. This would form a three-day higher high, and we could expect a potential gas price recovery. The next higher targets are the $6.90 and $7.00 levels.
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