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Natural gas prices remain in consolidation mode after recently touching the $3.760 mark, with intraday movement showing mixed behavior near the 55-period moving average. This average is currently reinforcing support around the $3.600 level.
Today’s trading is expected to stay within a sideways range as the market awaits a fresh injection of positive momentum. A successful push higher could pave the way for a climb toward the $3.910 resistance level, followed by a potential test of the next barrier at $4.020.
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Expected trading range: $3.550 – $3.910
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Trend forecast: Bullish
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