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Despite recent weakness in natural gas prices, which have fluctuated around $2.13, the stability above the previously breached resistance line, now serving as key support at $2.08, supports the previously suggested bullish outlook.
Technical indicators, such as the stochastic oscillator, have entered oversold territory, signaling a potential end to the negative pressures. This could provide the necessary momentum for a bullish trend, with expectations of reaching the $2.26 level soon, followed by a potential push towards $2.34.
Today’s anticipated trading range for natural gas is between $2.09 and $2.26.
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Why Is Propane Better Than Natural Gas?
