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Natural gas price surpasses the target – Forecast today – 21-5-2024
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Natural gas price surpasses the target – Forecast today – 21-5-2024
May 20, 2024 11:41 PM

Natural Gas Price Analysis Expected Scenario The natural gas price confirmed its surrender to the domination of the bullish bias by surpassing the second positive target at $2.710 yesterday, achieving additional gains by settling near $2.760, while the price gains positive momentum by settling above the additional support at $2.520, in addition to stochastic stability within the overbought areas. These factors allow us to expect renewing the bullish attempts, increasing the chances of reaching the $2.820 level first, followed by attacking the key resistance at $2.940, which forms the key to detect the next main trend. Expected Trading Range Between $2.700 support and $2.940 resistance.

Trend Forecast: Bullish

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