8
Natural gas prices have successfully ended the recent corrective decline, finding support within the main bullish trend, which is anchored by the $2.780 level. Additionally, the $2.930 level is providing further support, as seen on the chart.
With the stochastic indicator attempting to exit the oversold region, there is potential for natural gas prices to begin gathering positive momentum. This could pave the way for the formation of bullish waves, with the initial target at $2.185. A breakout above this level may extend the upward move toward $3.350.
Advertisements
The expected trading range for today is between $2.980 (support) and $3.190 (resistance).
Advertisements
Trend Forecast: Bullish
You Might Be Interested In
