Natural gas prices have resumed their gradual sideways movement, with a recent consolidation around the $2.750 mark. The market has yet to establish new upward targets, but an overall bullish sentiment prevails. The bullish outlook hinges on the stability of the $2.400 support level and an expectation of gathering additional positive momentum to facilitate the achievement of the initial target at $3.100. A successful breach of this level is anticipated to extend trading activities toward the $3.500 threshold.
Today’s projected trading range is expected to fluctuate between $2.600 on the lower end and $3.100 on the upper end.
Analysts suggest that the current trend remains bullish, emphasizing the significance of maintaining support at $2.400 and the potential for further upside movement in natural gas prices.
