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Natural Gas Price Analysis: Sideways Trading Amidst Indicator-Driven Momentum

by Daisy

Natural gas prices have reverted to weak sideways movements, hovering around the $2.000 mark, influenced by recent attempts of major indicators to instigate negative momentum.

It is crucial to note the necessity of garnering positive momentum to sustain levels above $1.920, thereby fortifying a compelling impetus for triggering a bullish trajectory. Such a development would facilitate the attainment of positive milestones, notably at $2.100 and $2.270.

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Anticipated Trading Range:

Expectations position the trading range between $1.960 and $2.100.

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Trend Forecast:

A bullish trend is forecasted amidst these dynamics.

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