Natural Gas Prices Inch Upwards, Technical Outlook Signals Potential Upside Momentum

Natural Gas (NG) prices saw a slight increase to $1.9270, up by 0.26%. Technical analysis suggests a pivot point at $1.91280, with resistance levels at $1.94680, $1.98020, and $2.01250, indicating potential upward momentum. Immediate support is at $1.87970, with further levels at $1.85030 and $1.82140, indicating areas of buying interest. The 50-day and 200-day EMAs at $1.8571 and $1.8834 respectively, suggest a bullish trend. However, dropping below the pivot point could signal a shift to a bearish market. Natural Gas remains strong above $1.91280, but vulnerabilities persist below this level.