Natural gas price crawls upwards – Forecast today – 2-4-2024

Economies.com
2024-04-02 05:45AM UTC

Analysis of Natural Gas Price Movement

  • Despite natural gas price frequent consolidation within the sideways track, and the continuous contradiction between the major indicators, rallying above 1.810$ level supports the chances of activating the bullish track again.
  • Stochastic stability above 50 level allows us to expect starting to gather the positive momentum, to manage to renew the pressure on 2.000$ barrier, which surpassing it will confirm moving to the bullish track, to start targeting many positive stations that might start at 2.150$ and 2.250$.

Expected Trading Range for Today

  1. The expected trading range for today is between 1.750$ and 2.000$

Trend forecast: Bullish

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