Natural Gas Prices Maintain Upside Potential Amid Sideways Fluctuation
Natural gas prices have been experiencing some weakness in recent trading sessions but still show signs of maintaining their upside potential. Despite this, a new sideways fluctuation has formed near the $2.880 level, which didn't affect the chances of forming new bullish waves. The stability of the main support at $2.620 and the formation of an extra support at $2.810 level against the current trading are crucial factors.
The stochastic indicator is providing positive momentum that will help renew bullish attempts in the near period. This could potentially lead to a rally towards $3.100, surpassing which would ease the mission of achieving extra losses by reaching levels such as $3.250 and $3.450.
The expected trading range for today is between $2.800 and $3.100. The trend forecast remains bullish.