Natural Gas Prices Edge Higher Amid Bullish Momentum

Natural gas prices have been experiencing some bullish momentum recently, managing to stay above the support level of $2.620 and even rallying towards $2.870.

However, for this trend to continue, the price needs to breach the $2.920 level and hold above it. If successful, this could lead to further gains, potentially extending up to $3.050 or even $3.150.

On the other hand, if the breach fails, natural gas prices may experience mixed trading until a stronger negative momentum develops, potentially leading to a resumption of the bearish trend in both short and medium periods.

The expected trading range for today is between $2.760 and $2.920.