Commodities
Natural Gas Holds Above Zero Line Amid Bullish Structure
Natural Gas is currently trading at 262.4, maintaining its position just above the zero line (262.30) after a steady recovery from lows of 255.
The structure of Natural Gas has shifted from a corrective pullback to range stabilization, with acceptance above equilibrium keeping buyers slightly in control.
Bullish structure suggests longs activate above 261.76-262.30 acceptance and holding above the zero line, targeting first upside objectives at 266.56 and extended expansion targets at 269.20.