Natural Gas Prices Show Bullish Momentum

Natural gas prices have recently recorded notable gains in their most recent trading session, surging to 2.930. This upward movement is characterized by the overall stability within the bullish trajectory, which relies on the fundamental support level at 2.470.

Analysts suggest that the convergence of key indicators, accompanied by a positive momentum, could pave the way for breaking through the resistance barrier at 3.100. This, in turn, may facilitate the resumption of the bullish trend, with further gains anticipated. Initial targets for this bullish movement are set at 3.550 and 3.750.

Market experts recommend considering a trading range between 2.720 and 3.100 for the day, with a prevailing bullish sentiment in the natural gas market.