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Natural gas price awaits to breach the resistance – Forecast today – 5-6-2024
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Natural gas price awaits to breach the resistance – Forecast today – 5-6-2024
Jun 5, 2024 1:54 AM

Natural Gas Price Analysis Expected Scenario The Natural Gas price provided new mixed trades to settle near 2.650$ without recording any new positive target, affected by the stability of 2.890$ resistance that hinders the chances of moving to the bullish track again. On the other hand, the frequent stability above 2.510$ that forms solid support against the bullish attempts and the positive momentum coming by the major indicators allow us to keep our bullish overview, reminding you that breaching the resistance will open the way to achieve additional gains that might extend towards 3.220$ direct, followed by reaching 3.500$ on the medium term basis. Expected Trading Range Between 2.550$ support and 2.890$ resistance.

Trend Forecast: Bullish

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