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Natural gas prices continued their bullish momentum yesterday, rising to the $3.000 level and nearing a significant resistance point at $3.0300. The prevailing positive indicators suggest an increased likelihood of surpassing this barrier, potentially confirming a shift to a new positive trajectory. If successful, prices could target higher levels at $3.120 and $3.220.
Conversely, should the market fail to break through the current resistance, it may lead to mixed sideways trading. This scenario could see prices retreating toward the $2.840 mark, with further pressure potentially testing the support line at $2.680.
For today, the anticipated trading range for natural gas is projected to be between $2.900 and $3.120.
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