Natural Gas Price Analysis
Natural gas prices have recently demonstrated a bullish trend, surpassing earlier resistance levels. The price managed to break through the extended resistance at $2.940, reaching $3.040. This upward momentum, coupled with sustained positive closings above $2.940 and strong stochastic signals, suggests that natural gas prices are poised for further gains.
Market expectations indicate the potential for new positive targets, with prices likely to reach $3.140. Should this level be achieved, the next objective would be to challenge the historical resistance at $3.420.
Expected Trading Range
The anticipated trading range for natural gas prices is between a support level of $2.950 and a resistance level of $3.140.