Natural gas prices have demonstrated resilience, shedding negative pressures as they maintain stability above the crucial support level of $2.520. In morning trading, a favorable price gap emerged, propelling the commodity to settle near $2.7000.
The Stochastic indicator’s departure from the oversold territory signals the potential for renewed positive momentum, favoring bullish endeavors aimed at reaching $2.9100, representing an extension of the primary resistance level.
Anticipated trading dynamics suggest a range-bound movement, with support expected at $2.650 and resistance at $2.910.
Trend Forecast: Bullish