Natural gas opened this morning’s trading with a brief bearish gap, slipping toward $3.100 as the 55-period moving average forms additional resistance around $3.240.

 

The current pullback poses no threat to the bullish trend, given the overall stability above the pivotal support at $2.620, in addition to the $2.830 level forming additional support for the current trading. Therefore, we will continue to wait for the price to gather positive momentum, enabling it to break above the 55-period moving average and then attempt to reach the next bullish target around $3.520.

 

The expected trading range for today is between $3.000 and $3.320.

 

Trend forecast: Volatile within the bullish trend