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Natural gas prices have recently demonstrated a noteworthy response to favorable conditions, notably with a sustained stability above the critical support level at 2.400. Furthermore, the stochastic indicator’s approach towards the 80 level signals a potential turnaround, with prices currently hovering around the 2.880 mark.
Anticipations point toward a resumption of bullish momentum, with the initial target set at 3.100, followed by potential extensions towards the significant objective of 3.550.
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For the trading session ahead, analysts project a trading range between 2.720 and 3.100, with an overall bullish sentiment expected to prevail.
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Today’s Expected Range: 2.720 – 3.100
Anticipated Trend for the Day: Bullish
