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Natural gas prices have temporarily lost some of their positive momentum as the stochastic indicator dipped below the 50 level. This decline prompted a brief pause in the bullish rally, leading to sideways price fluctuations, with natural gas settling around the 3.400 mark.
The key to preserving the bullish outlook lies in the stability of additional support at 3.260, which acts as a significant barrier against any attempts to trigger a corrective bearish trend. It is crucial to gather positive momentum to support the formation of a renewed bullish rally, with targets set at 3.750 and 3.950 levels.
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The anticipated trading range for the day is between 3.250 and 3.750.
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Today’s expected trend: Bullish
