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The price of natural gas continues to exhibit positive stability, having achieved multiple positive closings above the 3.100 level. This suggests that the previously suggested bullish bias remains dominant, with the price even touching the 3.485 level before settling below it.
While there may be some sideways fluctuations in the price due to stochastic attempts to exit the overbought areas, this is not expected to significantly impact the main bullish trajectory. Investors are advised to remain patient and await the gathering of additional positive momentum, which could facilitate breaking through the 3.500 level and reaching the next significant target at 3.750.
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Today’s Expected Trading Range: 3.270 – 3.750
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Today’s Trend Outlook: Bullish
