In the realm of natural gas pricing, a bullish trend is anticipated despite the absence of significant positive momentum. Key indicators such as the consistent stability above the MA55 and the $2.200 level are contributing factors bolstering this outlook, reinforcing the previously suggested bullish sentiment.
While the price may temporarily engage in sideways trading, the presence of robust support suggests an eventual resurgence of positive momentum, paving the way for continued upward movement. Analysts project that the price trajectory could ascend towards the next significant milestones, notably around $2.420 and $2.520.
Considering the current market dynamics, the expected trading range is anticipated to oscillate between $2.200 and $2.420. This range delineates the parameters within which price movements are likely to fluctuate in the near term.
In summary, the prevailing trend forecast for natural gas remains bullish, buoyed by stability, support levels, and the potential for upward momentum to drive prices towards higher stations.
