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Natural gas price attempts to build new bullish track – Forecast today – 19-6-2024
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Natural gas price attempts to build new bullish track – Forecast today – 19-6-2024
Jun 19, 2024 2:06 AM

Natural Gas Price Analysis Expected Scenario Natural gas price started to build minor bullish channel by forming major support at 2.775$, forming some bullish waves to settle near 2.930$, noting that the consolidation of the MA55 near the current support will increase the chances of forming new bullish rally, to target 3.150$ followed by reaching the next major barrier at 3.5000$. Also, stochastic stability within the overbought areas will increase the efficiency of the bullish track, to keep waiting to record the previously suggested positive targets. Expected Trading Range Between 2.880$ and 3.150$

Trend Forecast: Bullish

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