Natural gas price repeats the positive closings – Forecast today – 15-5-2024

Economies.com
2024-05-15 05:35AM UTC

Natural Gas Price Analysis

Expected Scenario

  • Despite natural gas price weak trades yesterday, the frequent stability above the additional support 2.220$ confirms the efficiency of the previously suggested bullish track, to notice its fluctuation near 2.360$ now.
  • We notice the continuous positive momentum by stochastic, to expect easing the mission to resume recording the positive gains, waiting to touch 5.520$ level soon, while surpassing it might push the price towards 5.640$ as a next target.

Expected Trading Range

Between 2.280$ and 2.520$

Trend Forecast: Bullish

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