Natural gas prices have closed positively above the $2.140 support level, initiating a new bullish wave. The price is currently testing the moving average (MA55) at $2.280.
Positive momentum from stochastic indicators enhances the likelihood of overcoming this resistance, with the potential to target $2.340 initially. Should the upward trend continue, the next key objective would be $2.450.
Today’s expected trading range is between $2.200 and $2.340.
Trend Forecast: Bullish
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