Natural Gas Prices Consolidate as Bulls Eye Expansion Levels

Natural Gas prices are consolidating around $311.5 on MCX, after recovering from a sharp midday stop-hunt on June 8th.

The structure of the price action remains bullish as long as demand clusters hold above the lower structural boundaries, but macro positioning keeps the price highly compressed at the central inflection pivot.

Bulls are attempting to establish acceptance above the zero block to open up higher expansion levels. However, a high-volume 15-minute candle is required to break away from this immediate cluster and confirm institutional direction before executing trades.

The bullish triggers for long entry include prices above $310.63, with targets at $319.43 and $324.20. On the other hand, bearish triggers are set below $307.68, targeting levels at $303.98 and $299.20.