Natural Gas Price Holds Steady Near $3.120 Amid Conflicting Indicators

The natural gas price is holding steady within its bullish trend, trading near $3.120 on September 29th. This stability above the support level at $2.830 indicates a continued upward bias in the market.

However, conflicting signals from main indicators are causing the price to fluctuate sideways, preventing a clear breakout. The 55-period moving average at $3.240 remains a key resistance level that needs to be broken for the next bullish targets to be reached.

The expected trading range for today is between $3.000 and $3.320, which suggests that the price may continue to consolidate within its current range.