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Commodities

Bullish Trend Continues for Natural Gas Prices Amid Sideways Fluctuations

Guavy AI Editorial Team
Instruments
Natural Gas
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Natural gas prices have been showing a bullish trend in recent days, with repeated positive closes above $2.620 support level.

However, despite this momentum, the market is now experiencing sideways fluctuations, trading near $2.920.

A stochastic approach indicates that if the price breaks through the 80 level, it could lead to extra bullish momentum and new waves targeting $3.100.

The pressure on the 55 moving average at $3.260 is expected to increase as a result.

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