Natural Gas Prices Display Steady Growth

by Jennifer

Natural gas prices have demonstrated consistent, albeit gradual, upward momentum, hovering around the $2.900 mark. This move has been accompanied by attempts by the stochastic indicator to move out of overbought territory.

In our assessment, we maintain a bullish outlook, contingent upon the stability of the key support level at $2.450. Additionally, we observe the moving average 55 working to establish a fresh support at $2.700. These factors combined lead us to anticipate further gains, with a potential breakthrough of the $3.100 barrier, setting the stage for a broader target of $3.550.

Advertisements

Today’s projected trading range is expected to fluctuate between $2.720 and $3.100.

Advertisements

Anticipated Market Trend for Today: Bullish

 

You May Also Like

blank

Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright  bedgut.com – Futures Market, Investment, Trading & News