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Despite natural gas prices holding steady above the $2.140 support line, the market is currently experiencing subdued sideways trading. This stagnation is attributed to insufficient positive momentum and the resistance posed by the 55-day moving average (MA55) at $2.280.
Market analysts anticipate that this sideways trend will continue until the necessary positive momentum is achieved. A bullish trend could emerge if prices surpass the $2.340 level, potentially targeting key resistance levels around $2.450 and $2.540.
For today, the anticipated trading range is between $2.160 and $2.340.
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