Natural Gas Prices Update

Natural gas prices are still looking for a boost, having faced a temporary dip yesterday, dropping to $3.440. This created a mixed wave pattern, but prices quickly bounced back to settle around the 55-day moving average at approximately $3.600.

Continuing to form support at the $3.280 level is crucial. If this happens, it could lead to increased bullish momentum, aiming for the $3.780 threshold. Surpassing this barrier might push prices up to the next target of $3.910.

Today’s anticipated trading range seems to be between $3.550 and $3.910.

Trend Prediction: Bullish