Natural Gas Price Analysis
The natural gas price has experienced a series of fluctuating and mixed trades, driven by conflicting major indicators. This dynamic has resulted in the postponement of a bullish assault, leading to a settlement near the $2.980 mark once again. It’s noteworthy that the bullish scenario remains valid and active as long as the major support at $2.855 remains unbroken. Consequently, market observers are patiently awaiting the accumulation of positive momentum, which would facilitate a breakthrough past the $3.200 barrier, with subsequent attempts to target the next significant level at $3.500.
Expected Trading Range
The anticipated trading range spans between the support level at $2.900 and resistance at $3.200.
Trend Forecast: Bullish
In light of the prevailing market conditions and the potential for positive momentum, a bullish trend is forecasted for the natural gas price.
