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Natural Gas Prices Firm Above $2.000, Eyes Bullish Momentum

by Daisy

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.

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Initial support stations are anticipated near the $2.280 and $2.350 marks, providing pivotal points for market sentiment assessment.

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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.

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