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Natural gas prices experienced significant upward momentum, breaking through the critical resistance level of $2.460. This bullish rally has allowed prices to recover previous losses, reaching a high of $2.860.
Current market conditions indicate a stable bullish trend, with the $2.680 level providing additional support. Furthermore, positive momentum signals from the stochastic indicator suggest further price increases. Analysts project that natural gas prices may target the $2.930 level, with the potential to push towards the $3.030 barrier, facilitating a continuation of the bullish trades.
For today, the expected trading range for natural gas prices is between $2.780 and $2.930.
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What Is Natural Gasoline? [Revealed]
