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Natural gas prices advanced in Tuesday’s session, reaching a previously anticipated target of $3.472 before undergoing a minor corrective pullback to settle near $3.385.
Technical indicators show positive momentum, with the stochastic oscillator approaching overbought territory—an indication that bullish sentiment remains dominant in the market. This reinforces expectations for continued upward movement, with potential gains targeting the next resistance levels at $3.540 and $3.610.
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Analysts emphasize the importance of maintaining support above $3.180 to sustain the current bullish outlook.
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The projected trading range for Wednesday is between $3.280 and $3.540, with the prevailing trend forecast remaining bullish.
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