Natural gas prices have exhibited resilience in the face of negative signals from the stochastic indicator, hovering near the 20-level threshold. As illustrated in the provided chart, there is a noticeable formation of a new sideways trading range, situated around the 3.350 mark, which has contributed to maintaining a positive stance, supported by a crucial level at 3.100.
This suggests that our bullish outlook remains intact. To validate this outlook, the market must gather fresh positive momentum, making an attempt to secure levels above 3.550. If successful, this could pave the way for further advances, with an initial target around 3.900, ultimately extending to 4.400 in the forthcoming trading sessions.
Today’s Expected Trading Range and Trend
The anticipated trading range for the current day spans between 3.200 and 3.550. The expected trend for today is anticipated to remain within the bullish trajectory, reflecting the ongoing positivity in the natural gas market.
Investors and traders are closely monitoring these developments, as they seek to capitalize on the market’s dynamics and trends in the days ahead.
