Natural Gas and Oil Forecast: Brent Stabilizes at $82.40, More Gains Ahead?

Natural Gas (NG) is trading at $2,242, up 0.35%. On the 2-hourly chart, the pivot point is set at $2.26. Immediate resistance levels are at $2.30, $2.35, and $2.41, indicating potential upward movement if these levels are surpassed.

On the downside, immediate support is found at $2.20, followed by $2.15 and $2.09, which is critical to watch if the price declines.

Technical indicators present a mixed outlook. The 50-day EMA is at $2.17, while the 200-day EMA stands at $2.31. These figures suggest a bearish outlook below the pivot point of $2.26. A break above this level could shift sentiment to a more bullish stance.