Natural gas prices have recently failed to gain positive momentum, leading to a delay in the anticipated bullish rally. The prices are currently fluctuating near an additional support line at $2.610. This sideways trading pattern results from conflicting signals from major market indicators, suggesting that prices may soon decline further toward the $2.530 mark before any efforts to establish new upward targets.
For a bullish trend to materialize, prices must rise above the $2.710 level and maintain a positive close above this threshold. Such a move could pave the way for stronger bullish waves, potentially targeting levels of $2.780 and $2.850.
Today’s expected trading range for natural gas is projected to be between $2.540 and $2.680.
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