Natural gas price continues to rise – Forecast today – 10-5-2024

Economies.com
2024-05-10 07:10AM UTC

Natural Gas Price Analysis

1. Expected Scenario

  • Natural gas price confirms bullish track, settling above $2.075.
  • Key support formed against bullish trades.
  • Multiple targets reached, including $2.360.
  • Stochastic attempting to crawl towards overbought areas to increase positive pressures.
  • Suggested more bullish attempts until reaching the next main target at $2.520.

2. Expected Trading Range

  • Anticipated trading range today: Between $2.260 support and $2.520 resistance.

Trend Forecast: Bullish

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