Natural gas price continued its bullish rally to record 3.800$ level yesterday, approaching the major resistance to push it to form temporary negative rebound by fluctuating near 3.710$.

 

Note that the continuous fluctuation below the current resistance and stochastic exit from the overbought areas might increase the negative pressures on the price, to expect crawling towards 3.620$ level soon, followed by attempting to test the additional support at 3.520$.

 

The expected trading range for today is between 3.620$ and 3.830$

 

Trend forecast: Bearish