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Natural gas prices are demonstrating a persistent upward trajectory, bringing them closer to their second major target at 103.55. This movement underscores the prevalence of a bullish bias in the market, with the 2.900 level acting as robust additional support. Additionally, the stochastic indicator is indicating positive momentum, further bolstering the likelihood of breaching the 3.550 level and initiating further gains. These gains could potentially extend towards 3.750 and 3.950.
The anticipated trading range for the day is expected to fall between 3.350 and 3.750.
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Today’s prevailing trend is decidedly bullish.
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