Natural gas prices touched the target at $2.620 on Friday, retesting the key support level and holding above it. The price has since rebounded upward toward $2.980, reaffirming its commitment to the bullish scenario.

 

We emphasize the importance of building positive momentum to help the price break above the EMA55, currently near $3.250. This would facilitate further gains, potentially reaching $3.420 and $3.550in the near term.

 

The expected trading range for today is between $2.850 and $3.200

 

Trend forecast: Bullish