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In the analysis of natural gas prices, despite a period of subdued trading observed yesterday, the consistent stability above the additional support level of $2.220 reaffirms the efficacy of the previously proposed bullish trajectory. Currently, the commodity fluctuates near $2.360.
Noteworthy is the sustained positive momentum indicated by stochastic indicators, signaling an anticipated resumption of positive gains. There is an expectation that the price will soon approach the $5.520 level, with a potential surge towards $5.640 thereafter upon surpassing it.
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Expected Trading Range
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- Support: $2.280
- Resistance: $2.520
Trend Forecast: Bullish
