Today, on April 2, 2024, the price of natural gas is showing signs of upward movement.

Despite frequent consolidation within a sideways track and conflicting signals from major indicators, natural gas prices have managed to rally above the $1.810 level. This development supports the possibility of reactivating the bullish trend.

Stochastic indicators, in particular, have remained stable above the 50 level, indicating the potential for gathering positive momentum. This could lead to renewed pressure on the $2.000 barrier. Surpassing this level would confirm a shift to the bullish track, with the potential to target several positive stations, beginning at $2.150 and extending to $2.250.

For today’s trading, the expected trading range is between $1.750 and $2.000.

Overall trend forecast: Bullish.