Natural Gas Price Analysis
Expected Scenario
The natural gas price has benefited from sustained consolidation above the MA55, exerting strong positive pressure on the $2.530 barrier. This action aims to pave the way for resuming bullish attempts, with the $2.530 key resistance level being crucial for confirming the next trend.
However, the risk of shifting from the bullish trend to a bearish track arises if the price falls below the $2.350 support line. Such a move could trigger significant losses, driving the price towards $2.220 and $2.120.
Expected Trading Range
Traders can expect natural gas to trade within a range of $2.450 support to $2.610 resistance.
Trend Forecast
The trend forecast for natural gas remains bullish, as long as the price holds above key support levels.
Investors and traders should monitor these levels closely to navigate today’s natural gas market effectively.
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