Natural gas exhibited a subdued sideways fluctuation in recent trading, characterized by oscillations between the additional support at 3.050 and the resistance at 3.300. Despite this lateral movement, key indicators align to signal a positive momentum, warranting a patient approach as the market awaits a decisive breach of either barrier. The successful surpassing of one of these levels could herald renewed bullish attempts, with an initial target set at 3.550, followed by a prospective move towards 3.700 in the medium-term period.
For today’s trading, the expected range is foreseen to span between the resistance at 3.300 and the support at 3.100. The prevailing trend for the day is expected to remain sideways, emphasizing the importance of monitoring potential breakthroughs to guide trading decisions amid the current market conditions.
