Commodities
Natural Gas Prices Stabilize Around $262.4 as Buyers Regain Control
Natural Gas is trading at around $262.4 on MCX, holding above the zero line after a steady recovery from lows of $255.
The structure has shifted from a corrective pullback to range stabilization, with acceptance above equilibrium indicating buyers are in control.
Bullish structure is confirmed when prices hold above $261.76-$262.30, while targets for longs include $266.56 and $269.20.
On the other hand, a bearish structure is activated if prices fall below $260.14, with potential targets at $258.04 and $255.40.