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Natural Gas Prices Exhibit Bullish Momentum, Poised for Upside Movement

by Daisy

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.

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Anticipated trading dynamics suggest a range-bound movement, with support expected at $2.650 and resistance at $2.910.

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Trend Forecast: Bullish

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