Natural gas price attempts to resume corrective attack - Today's forecast 28-8-2026

The natural gas price succeeded in approaching the stable resistance at $2.920, leveraging the stochastic indicator’s positive momentum to confirm its delay in the current period’s main downward attack.

We note that continued exposure of the price to positive pressure may push it beyond the current resistance, and we expect it to seek additional gains by pulling toward $3.050 and $3.180 respectively. Conversely, activating a negative attack would require a sharp decline to settle below the support centered at $2.620.

There is no escape for the index price from resuming an upward attack given the presence of positive factors, such as repeated stability above the stable support at 25,925.00, and the key positive momentum indicators currently registering at 26,485.00.

Yesterday’s price attempted to break the stable resistance at 29,560.00, achieving some immediate gains before reverting to sideways trading due to the stochastic indicator fluctuating below 80.

Yesterday’s price also offered more mixed sideways trading due to its repeated oscillation below the centered obstacle near 53,750, with a decline toward 53,310, then reacting with positive indicators to stabilize near 53,650.