Natural gas prices have recently stalled after a bullish rally, approaching the key resistance level at 2.185$. This has led to a temporary halt in the upward movement and a shift towards a corrective decline, with prices now hovering around 3.050$.
The chart shows that the stochastic indicator is attempting to generate positive momentum, which may trigger a renewed bullish phase. This could potentially exert more pressure on the resistance at 2.185$, paving the way for further gains, with initial targets at 3.220$ and 3.350$.
The expected trading range for today is between 2.980$ and 3.190$.
Trend Forecast: Bullish
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