In recent trading sessions, the natural gas price has displayed a bullish trajectory, bolstered by significant indicators signaling positive momentum and the resilience of the $2.240 support level. Yesterday’s session witnessed a successful renewal of bullish sentiment, culminating in the attainment of the initial primary target at $2.520.
The establishment of additional support at $2.410 further reinforces the potential for sustained bullish endeavors. This development is expected to facilitate the continuation of the upward momentum, potentially paving the way for fresh gains. Analysts anticipate that this bullish surge may extend to new thresholds, with prospective targets lying at $2.710 and $2.880.
Moreover, the anticipated trading range is envisaged to oscillate between the $2.440 support level and the $2.710 resistance mark.
In light of these developments, the trend forecast remains decidedly bullish, with market participants keenly monitoring the evolving dynamics of the natural gas market.
