Natural gas prices have managed to establish a new positive close above the $2.140 support level, triggering a series of bullish movements and pushing the price close to the initial target of $2.260.
Stochastic indicators are beginning to signal positive momentum, increasing the likelihood of continued upward movement. The price is expected to challenge the 55-day moving average (MA55) at $2.305, with potential to press further towards the $2.340 barrier, setting the stage for additional gains in the near future.
Today’s expected trading range is between $2.190 and $2.340.
Trend Forecast: Bullish
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