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Natural Gas Price Shows Resilience in Bullish Rally

by Daisy

In the realm of natural gas pricing, a resurgence in bullish momentum has been observed, capitalizing on its consolidation within an upward trajectory and finding additional support around the $2.520 mark. The market is now poised to approach its secondary target of $2.710.

Continued positive momentum from major indicators suggests a likelihood of surpassing the $2.710 milestone in the near future, potentially paving the way for further gains. Analysts anticipate an extension towards $2.810, with the ultimate objective being the breach of the major resistance level at $2.940.

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Traders are advised to consider a trading range between the support level of $2.600 and the resistance level of $2.810, as the market navigates its bullish course.

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Forecasters maintain a bullish outlook, anticipating the ongoing trend to persist, buoyed by the prevailing positive indicators and market dynamics.

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