Natural gas price crawls upwards – Forecast today – 2-4-2024

Analysis of Natural Gas Price Movement

• Despite natural gas price frequent consolidation within the sideways track, and the continuous contradiction between the major indicators, rallying above 1.810$ level supports the chances of activating the bullish track again.

• Stochastic stability above 50 level allows us to expect starting to gather the positive momentum, to manage to renew the pressure on 2.000$ barrier, which surpassing it will confirm moving to the bullish track, to start targeting many positive stations that might start at 2.150$ and 2.250$.

Expected Trading Range for Today

1. The expected trading range for today is between 1.750$ and 2.000$

Trend forecast: Bullish