Natural gas prices are holding firm above the 55-day moving average, suggesting resilience against recent downward pressures and reinforcing a support base near $3.560. This consolidation supports a cautiously optimistic outlook, with analysts highlighting the importance of a breakout above the $3.780 resistance level to confirm a renewed bullish trend.
A successful breach of this barrier could pave the way for an upward move toward the next targets at $3.910 and potentially $4.050. However, a retreat below $3.560 would invalidate the bullish scenario in the near term, opening the door to further losses toward $3.460 and $3.330.
For today, the projected trading range is between $3.560 and $3.910, with the broader trend forecast remaining bullish.
