Natural Gas Prices Show Signs of Recovery

Natural gas prices have recently demonstrated a noteworthy response to favorable conditions, notably with a sustained stability above the critical support level at 2.400. Furthermore, the stochastic indicator’s approach towards the 80 level signals a potential turnaround, with prices currently hovering around the 2.880 mark.

Anticipations point toward a resumption of bullish momentum, with the initial target set at 3.100, followed by potential extensions towards the significant objective of 3.550.

For the trading session ahead, analysts project a trading range between 2.720 and 3.100, with an overall bullish sentiment expected to prevail.

Today’s Expected Range: 2.720 – 3.100

Anticipated Trend for the Day: Bullish