Natural gas price hits the first target – Forecast today – 9-5-2024
Economies.com
2024-05-09 05:53AM UTC
Natural Gas Price Analysis
Expected Scenario
- Natural gas price formed new bullish waves yesterday to touch the first positive target at 2.280$ followed by forming temporary negative rebound towards 2.200$, affected by stochastic exit from the overbought areas.
- The price might form mixed trades now, while the frequent stability above the MA55 at 2.075$ will assist to confine trades within the bullish track, to keep waiting to gather the required positive momentum to surpass 2.280$ level and reaching the next main target at 2.350$.
Expected Trading Range
Between 2.100$ and 2.280$
Trend Forecast: Bullish
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