Natural gas prices experienced a strong bullish rally yesterday, closing positively above the 3.520$ level multiple times, and surpassing the 3.890$ resistance line. This led to a return to the bullish channel, with prices reaching new highs at 4.046$.
The 3.900$ level now acts as support within the bullish channel, and with stochastic indicators moving toward overbought territory, further bullish momentum is expected. This could push prices toward the 4.148$ target, with a possible extension to the recently recorded high of 4.330$.
The expected trading range for today is between 3.900$ and 4.140$.
Trend Forecast: Bullish
Related topics: