Natural gas prices opened today with a notable negative gap, approaching the extended support level at $2.550. The market managed to settle above this threshold, as indicated by the latest chart analysis. Stochastic indicators are attempting to generate positive momentum, suggesting a potential bullish trend. If this trajectory continues, prices could target levels of $2.680 and $2.830 in the near future.
Conversely, for the market to resume its downward trend, a significant decline must occur, pushing prices below the moving average at $2.505. This could lead to further losses, with targets potentially dropping to $2.420 and $2.340.
Today, the expected trading range for natural gas is set between $2.560 and $2.680.
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