Natural gas price persisted in displaying subdued lateral movements, mirroring its prior fluctuations in close proximity to the MA55 level at 2.670. This trend signals a potential delay in the anticipated bullish surge, accentuating the criticality of maintaining the 2.420 support line intact. The present trajectory hinges on the restoration of positive momentum, an essential prerequisite for facilitating a smoother advancement towards the favorable benchmarks at 2.950 and 3.550.
It is imperative to recall that a dip below the aforementioned support level, coupled with a negative closing, could precipitate robust bearish tendencies, entailing substantial losses as the price cascades towards 1.950 and subsequently 1.650.
Forecasts for today’s trading range fall between 2.500 and 2.800.
Today’s anticipated trend aligns with a bullish orientation.