Natural gas price needs new momentum – Forecast today – 25-4-2024
Economies.com
2024-04-25 05:47AM UTC
Natural Gas Price Analysis
Natural gas price postponed the bullish attack and formed temporary negative wave caused by stochastic exit from the overbought areas, to test $2.000 and settles near it.
- We expect to form some sideways trades until gathering the additional positive momentum to manage to renew the bullish attempts, assuring the importance of rallying above the MA55 at $2.070 to ease the mission of reaching the next main target at $2.270.
The expected trading range for today is between $1.960 and $2.100.
Trend forecast: Bullish
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