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The natural gas price has recently demonstrated a positive trend, marked by several consecutive closes above the key support level at 3.100. In the latest developments, the market exhibited a bullish move as it surpassed 3.550, even touching 3.650 and recording notable gains.
Furthermore, major technical indicators are beginning to show signs of a positive momentum, enhancing the likelihood of reaching the initial primary target at 3.900. A successful breach of this resistance could potentially propel the market towards the 4.400 mark in the medium-term.
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Today’s anticipated trading range is expected to fall between 3.400 and 3.900, indicating a bullish sentiment in the natural gas market.
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Current Trend: Bullish
