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Natural gas prices have closed positively above the key support level of $2.240. This upward movement is supported by the positive trend of the 55-day moving average and encouraging signals from the stochastic indicator, which is currently near the 50 level.
As a result, we anticipate further bullish attempts. We expect prices to soon target the $2.440 level. If prices surpass this mark, it could lead to new gains, with the first target set at $2.550.
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Today’s expected trading range is between $2.300 and $2.550.
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