Natural gas prices have surged, with a new positive close above the $2.000 level signaling a shift towards a bullish trajectory. Observations indicate fluctuation above the MA55, with prices settling near $2.130.
Key indicators are pointing towards a positive momentum, suggesting the potential for a robust bullish rally in the short-term. Traders anticipate surpassing the initial target of $2.250, paving the way for further bullish momentum towards the next significant barrier at $2.500.
The expected trading range is forecasted to span between the support level of $2.050 and the resistance level of $2.250. With the trend forecast bullish, market participants are poised for potential upward movements in natural gas prices in the near future.