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Natural gas prices reached a key target of $3.120 before entering a phase of sideways fluctuation, attributed to stochastic indicators attempting to exit overbought territory. Currently, prices are stabilizing around $3.030.
Analysts suggest that the $2.930 level will serve as crucial support, which could help generate positive momentum for a potential resumption of bullish activity. If successful, prices may aim for further targets at $3.220 and $3.400.
For today, the anticipated trading range is projected between $2.930 and $3.220.
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