Natural Gas Price Continues Positive Momentum – Today’s Forecast: May 15, 2024

by Jennifer

In the analysis of natural gas prices, despite a period of subdued trading observed yesterday, the consistent stability above the additional support level of $2.220 reaffirms the efficacy of the previously proposed bullish trajectory. Currently, the commodity fluctuates near $2.360.

Noteworthy is the sustained positive momentum indicated by stochastic indicators, signaling an anticipated resumption of positive gains. There is an expectation that the price will soon approach the $5.520 level, with a potential surge towards $5.640 thereafter upon surpassing it.


Expected Trading Range

  • Support: $2.280
  • Resistance: $2.520

Trend Forecast: Bullish

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