Expected Scenarios
- Natural gas price continued to provide slow sideways trades, affected by the continuous contradiction between the major indicators’ negativity, with the attempts to hold above the additional support at 1.900$, expecting to witness instability until gathering the positive momentum and manage to jump above the MA55 at 2.060$ followed by attacking the minor bullish channel’s resistance line at 2.180$.
- Note that crawling below the current support will force the price to form additional negative trades, to suffer more losses until testing the major support at 1.730$.
Trading Range
Expected trading range for today is between 1.900$ and 2.050$
Trend Forecast
Bullish