Natural gas prices are exhibiting consolidation above the $2.000 mark, bolstered by positive momentum as traders eye key resistance levels to confirm a bullish trajectory.
Efforts to sustain levels above the $2.200 barrier are crucial in solidifying the upward trend, with a strong positive momentum deemed necessary to usher in fresh bullish waves.
Initial support stations are anticipated near the $2.280 and $2.350 marks, providing pivotal points for market sentiment assessment.
Trading Range Outlook
Today’s anticipated trading range is projected between $2.160 and $2.280, offering traders insight into potential price movements within the session.
Trend Forecast: Bullish
Overall, the trend forecast remains bullish, reflecting market sentiment favoring upward price movements in the natural gas sector.