Natural gas prices have exhibited mixed trading recently, influenced by conflicting signals from major indicators. The current stability near the Moving Average 55 (MA55) at 2.850 is noteworthy. It is important to highlight the consistent stability above the key support level at 2.520, a crucial factor that enhances the probability of a forthcoming renewal in bullish momentum.
The awaited scenario involves the accumulation of positive momentum, leading to a potential breakthrough above the 3.100 level. This breakthrough would pave the way for renewed attempts to achieve positive stations, notably at 3.450 and 3.950.
Traders are advised to monitor the expected trading range for today, fluctuating between support at 2.750 and resistance at 3.100. The overall trend outlook for today leans towards a bullish stance, contingent upon the successful gathering of positive momentum.
