Natural gas prices experienced a new bullish wave yesterday, pushing towards the critical resistance level at $3.030. However, a lack of sufficient upward momentum led to a pause in the rally, with prices stabilizing around $2.960, indicating a period of sideways fluctuation.
Several positive factors continue to support the market, including consistent stability above the $2.850 support level and efforts from key indicators to generate upward momentum. As a result, market participants are anticipating a potential breakthrough above the $3.030 barrier, which would pave the way for further gains, with price targets at $3.120 and $3.200.
Looking ahead, the expected trading range for natural gas today is between $2.900 and $3.120.
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