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In today’s analysis, dated June 11, 2024, the price of natural gas has firmly affirmed its adherence to a bullish trajectory. Yesterday, the price tested the support line at $2.880, subsequently rebounding swiftly to reach $3.050 and settling close to this level. This rapid rebound underscores the significance of accumulating fresh positive momentum, which would facilitate the attainment of additional targets situated around $3.200 and $3.500.
Expected Trading Range
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Market projections indicate a trading range between the support level of $2.950 and the resistance level of $3.200.
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Trend Forecast
The forecast for the trend in natural gas remains bullish, with market participants closely monitoring developments and potential price movements.
