Natural gas prices are poised for a potential rise, having closed positively above the support level of $2.240, supported by the positive movement of the 55-day moving average (MA55) and stochastic momentum indicators nearing the 50 level.
Given these factors, we anticipate continued bullish attempts, with a target of reaching the $2.440 level soon. A breakthrough above this level could lead to further gains, with the next target set at $2.550.
The expected trading range for today is between $2.300 and $2.550.
Trend Forecast: Bullish
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