In recent developments in the natural gas market, prices have displayed resilience against downward pressures, consistently fluctuating above the critical support level of 2.400. This performance reaffirms the prevailing bullish sentiment that has been previously suggested.
The emergence of a new positive momentum and the potential establishment above the Moving Average 55 (MA55) is poised to catalyze the awaited bullish surge. It is crucial to note that the initial price targets stand at approximately 3.100 and 3.550.
Market analysts anticipate today’s trading range to fall between 2.600 and 3.000, aligning with the prevailing bullish outlook.
In conclusion, the natural gas market continues to exhibit strength, with a bullish trend projected for the near term. Investors and traders are closely monitoring these developments as they position themselves in response to the evolving market dynamics.
