Natural gas price confirms the positivity – Forecast today – 24-4-2024

Natural Gas Price Analysis

Expected Scenario

• Natural gas price provided new positive close above 2.000$ level, confirming moving to the bullish track and noticing its fluctuation above the MA55 to settle near 2.130$.
• The major indicators provide the positive momentum to push the price to form a strong bullish rally in the near-term period, to expect surpassing the first target at 2.250$ and open the way to resume the bullish trades that might target the next barrier at 2.500$.

Expected Trading Range

Between 2.050$ support and 2.250$ resistance.