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HomeOilNatural Gas Prices Hit Target – Market Forecast for November 12, 2024

Natural Gas Prices Hit Target – Market Forecast for November 12, 2024

Natural gas prices have successfully confirmed the continuation of their bullish trend, surpassing the 2.850$ resistance level and reaching the first target at 2.970$.

With ongoing positive momentum supported by key technical indicators, the bullish outlook remains strong. As a result, prices are expected to continue rising, potentially reaching 3.030$ and later targeting the recent high of 3.120$.

Expected Trading Range for Today: 2.860$ – 3.030$

Trend Forecast: Bullish

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