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Natural gas prices have been characterized by fluctuations above the 3.100 mark, confirming their alignment with the previously suggested bullish bias. The market has settled near 3.350, and it’s worth noting that positive momentum signals from the stochastic oscillator are strengthening. This development bolsters the probability of challenging the 3.550 resistance level, underlining the significance of surpassing it to clear the path for a renewed bullish assault, ultimately targeting 3.950 as the next significant milestone before advancing towards 4.350.
The anticipated trading range for the day lies between 3.200 and 3.550, reflecting the potential price movement, with a bullish outlook expected to shape today’s market activity.
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