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In the latest natural gas price analysis, the market responded to yesterday’s positive stochastic signals, maintaining stability above the $2.520 support line. This has initiated the formation of bullish waves, resulting in gains that reached $2.810.
To confirm a shift to the bullish trajectory, it is crucial for the price to breach the resistance line at $2.890 and sustain its position above it. This would significantly increase the likelihood of achieving substantial gains in upcoming trading sessions, with targets set at $3.100 and $3.220.
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Traders should anticipate trading within a range bounded by support at $2.650 and resistance at $2.890.
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Trend Forecast: Bullish
