Natural gas prices have experienced a temporary negative pullback after reaching the $4.560 level, influenced by intraday stochastic negativity. The price has since moved towards $4.260. However, the overall stability within the bullish channel remains intact, with additional support forming at the $4.180 level. This support suggests that natural gas may regain positive momentum, increasing the likelihood of a bullish rally.
If the upward momentum continues, prices are expected to rise towards the $4.450 mark, with the next significant target at $4.760.
Expected Trading Range for Today: $4.200 – $4.760
Trend Forecast: Bullish
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