Natural gas price tends towards the positivity – Forecast today – 20-3-2024

Natural gas price repeated the positive closings above the historical support at 1.540, to reinforce the chances of activating the previously expected correctional bullish track, noticing stochastic approach to 80 level, to ease the mission of gathering the required positive momentum to surpass 1.810 level and reach 2.000 barrier direct, to form the first main target for the bullish track.

We remind you that the price attempt to break the mentioned support will holding below it will cancel the positive overview, to expect forming strong negative waves again that might push it to suffer big losses by crawling towards 1.350 and 1.220.

The expected trading range for today is between 1.650 and 1.900

Trend forecast: Bullish