In response to yesterday’s stochastic positivity, natural gas prices exhibited stability above the $2.520 support line, signaling the emergence of bullish momentum with the potential for gains up to $2.810. Analysts emphasize the significance of breaching the $2.890 resistance level and sustaining levels above it to solidify the shift towards a bullish trajectory. This move is anticipated to enhance the prospects of substantial gains in upcoming trading sessions, with targets set at $3.100 and $3.220.
Market analysts project a trading range between $2.650 and $2.890, delineating the support and resistance levels for investors to monitor.
The overall trend forecast for natural gas prices remains bullish, reflecting optimism among market participants regarding future price movements.