Natural gas futures are quoted around $ 3,637, staying above an ascending trend line that has supported recent recovery. The 50 -day exponential (EMA) mobile average at $ 3.503 is providing additional support, reflecting a change in the short -term impulse after a prolonged bearish trend.
The immediate resistance is located at $ 3,721, a key level that, to break, could open the road to the following significant obstacle at $ 3,864. On the bearish side, the initial support is at $ 3,452, a critical pivot point that is aligned with the recent line of trend, while a deeper support is found at $ 3,310, a level that previously attracted a strong buying interest.
For traders, an upward breakage confirmed above $ 3,721 could indicate a potential rally towards the level of $ 3,864, while not staying above $ 3,452 could cause a revaluation of the lower support around $ 3,310, potentially reversing the recent upward trend.
WTI oil price forecast
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