Natural Gas Price Demonstrates Gradual Movement

The price of natural gas has initiated a gradual upward movement, showing signs of positive trading as it surpasses the MA55 and settles around 3.810. This attempt is aimed at reigniting the previously proposed bullish advancement. It’s important to note that the success of the bullish trajectory hinges on the firmness of the 2.430 support line. The focus remains on the accumulation of positive momentum, with the primary objectives for the bullish movement set at 3.100 and 3.550.

Anticipated trading range for the day lies between 2.650 and 3.100.

Projected trend for the day: Bullish