Natural gas price continued to form strong bullish waves yesterday, to notice surpassing 4.330$ barrier and record new gains by touching 4.480$ level.

 

We will depend on 4.330$ level forming additional support, noting that stochastic crawl towards the overbought areas will increase the positive pressures on the price, to expect targeting 4.650$ level soon, while surpassing it will extend trades towards the bullish channel’s resistance line at 4.810$.

 

The expected trading range for today is between 3.330$ and 4.650$

 

Trend forecast: Bullish