Natural Gas Prices Show Positive Momentum with New Support Level

by Yuki

Natural gas prices have closed positively above the $2.140 support line, indicating a potential bullish trend. The price is now approaching the 55-day moving average (MA55) at $2.280. The stochastic indicator is showing positive momentum, increasing the likelihood of overcoming this resistance and targeting a rise to $2.340, with the next major goal set at $2.450.

Today’s expected trading range is between $2.200 and $2.340.

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