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Natural gas price continues the positive crawl – Forecast today – 16-5-2024
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Natural gas price continues the positive crawl – Forecast today – 16-5-2024
May 15, 2024 11:37 PM

Natural Gas Price Analysis Expected Scenario Natural gas price started to form a new positive crawl, taking advantage of stochastic stability within the overbought areas in addition to the MA55 that provides positive momentum by settling below the $2.220 support line. Therefore, we will keep our expectations of reaching the next positive target at $2.520, which surpassing it will open the way to achieve big gains that might extend towards $2.640 and $2.880 in the upcoming period. Expected Trading Range Between $2.280 and $2.520.

Trend Forecast: Bullish

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