Natural Gas Futures Surge Amid Bullish Breakout
Natural Gas futures are trading around $263.6 as of May 1st, holding just above the Zero Line at $263.10.
The market is currently balancing between higher cooling demand forecasts and stable storage levels.
A bullish expansion breakout from a previous consolidation zone has been observed in the price action, suggesting further upside momentum.
Longs can activate above $259.45, with targets at $274.35 and $281.30.
Bullish structure weakens below $257.30, while sustained trade below $253.38 cancels aggressive longs.