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Natural Gas Price Analysis: Bullish Trend Forecast

by Daisy

The natural gas price experienced a loss in positive momentum recently, resulting in a correctional bearish wave. This correction occurred after reaching the target at $3.170 and testing the support line at $2.920. The current outlook relies on the strength of this support level to potentially fuel positive momentum and initiate bullish waves.

There is anticipation for renewed pressure on the $3.140 level, followed by attempts to reach the next significant target at $3.420.

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Expected Trading Range: The expected trading range is between $2.900 and $3.140.

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Trend Forecast: The trend forecast remains bullish, contingent upon the support level holding and facilitating the resumption of upward momentum.

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