Natural gas prices have remained consolidated around the $2.720 level, with no significant upward movement recorded so far. The stagnation is attributed to ongoing discrepancies among major market indicators. However, the consistent stability above the $2.680 support line allows for a bullish outlook in the near and medium term. Analysts suggest that prices may push towards the $2.830 level, with a potential breakthrough leading to a return to the previous high of $3.030.
On the downside, if prices break below the $2.680 support, further losses could be on the horizon. Such a decline could see natural gas prices drop to $2.615 and possibly $2.540 before any upward recovery is considered.
For today, the expected trading range is between $2.680 and $2.830.
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