Despite a lack of specific news regarding natural gas prices today, the market remains influenced by a tug-of-war between key indicators. The commodity continues to exhibit weak waves, hovering near the $1.860 level.
Analysts suggest that maintaining a price level above $1.810 could potentially stimulate a bullish trajectory in the short term. There’s anticipation of a potential breach of the significant $2.000 barrier. Should this level be surpassed and sustained, it would likely confirm a shift towards the bullish track.
Market expectations include the formation of a robust bullish rally, targeting positive stations beginning at $2.150 and extending to $2.250.
Expected Trading Range:
The projected trading range for today spans from $1.800 to $2.000.
Trend Forecast: Bullish
