Natural gas prices have struggled to gain positive momentum, resulting in a downward trend as they fluctuated below the additional support level of $2.680. This has led to further losses, with prices reaching $1.648.
However, there are signs of potential recovery. The stochastic indicator is attempting to exit oversold territory, which may alleviate some of the negative pressures. If the price can hold above the $2.610 level, it could initiate a bullish trend, targeting upward movements towards $2.780 and $2.830.
Today’s expected trading range is between support at $2.630 and resistance at $2.780.
Trend Forecast: Bullish
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