Despite the lack of positive momentum in natural gas price recently, its repeated stability above the additional support level at $2.850 reinforces the dominance of the previously suggested bullish trajectory, with the price currently advancing toward $3.120.

 

We expect the price to renew its bullish attempts and pressure the 55-period EMA, which has recently formed an important barrier at $3.250. Breaking above this level would open the way toward further positive targets, starting at $3.420 and $3.550, respectively.

 

The expected trading range for today is between $2.950 and $3.250

 

Trend forecast: Bullish