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Natural Gas Price Resumes Sideways Trajectory

by Jennifer

Despite favorable upward influences, the natural gas price exhibited modest horizontal oscillations, settling in proximity to the MA55 at 2.670. This lateral movement, though lacking significant momentum, does not undermine the predominant bullish trajectory anchored in the stability of the 2.420 support level. As such, the focus remains on the imminent activation of a bullish advancement, setting sights on the initial target of 2.950.

Conversely, should the price falter below the aforementioned support level and manifest a bearish closure, the prospect of robust downward movements gains prominence. Such a scenario could usher in substantial losses, driving the price towards the levels of 1.950 and subsequently 1.650.

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Anticipated market activity for today is forecasted within the range of 2.500 and 2.800.

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The projected trend for today: Favorable towards a bullish inclination.

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