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Natural gas prices are displaying a bullish trend as they maintain stability above the $2.680 support level. Recently, prices reached the first target of $2.930. However, the market has since entered a phase of sideways fluctuations, influenced by stochastic indicators moving into overbought territory.
Analysts predict that this sideways trading will continue until positive momentum builds, which is necessary to advance towards the key resistance level of $3.030. Market participants are advised to closely monitor price behavior around this level to determine the potential direction of the next major trend.
For today, the anticipated trading range for natural gas is projected to be between $2.840 and $3.030.
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