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Natural gas prices have risen to $2.240, testing the resistance of a minor bearish channel, driven by stochastic fluctuations in overbought conditions and support from the MA55 near $2.150. Continued upward momentum may lead to a breach of current resistance levels, potentially advancing towards target ranges of $2.310 and $2.360. Conversely, if prices fall below $2.150, the market may shift to a bearish trend, reinforcing the possibility of a new negative wave.
Today’s anticipated trading range is between $2.160 and $2.310.
Related topic:
Why Do We Liquefy Natural Gas?
