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In the analysis of natural gas prices, a new positive close above the $2.000 level has been achieved, signaling a shift towards the bullish track. Notably, the price fluctuates above the MA55 and settles near $2.130.
Key indicators indicate a positive momentum, likely driving the price to initiate a robust bullish rally in the near-term period. Anticipations include surpassing the first target at $2.250, thereby opening the path to resume bullish trades with potential targets at the next barrier of $2.500.
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For today’s trading, the expected range is set between a support level of $2.050 and a resistance level of $2.250.
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Forecast: Bullish
