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Natural gas price hits the first target – Forecast today – 12-9-2024
Natural gas price succeeded to surpass the MA55 to touch the first target at 2.340$, which forms 50% Fibonacci correction level as appears on the chart.
Now, stochastic approach to 80 level will increase the chances of gaining the required positive momentum to surpass 2.340$ level and open the way to achieve new gains by rallying towards 2.450$ and 2.530$ levels.
The expected trading range for today is between 2.220$ and 2.450$
Trend forecast: Bullish
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