Natural gas price took advantage of the minor bullish channel’s support line stability at 3.950$ to start forming new bullish waves and achieve some gains by reaching 4.190$, to close the recent gap.

 

The contradiction between the major indicators might push the price to form some sideways trades until gathering the required positive momentum to record more gains by rallying towards 4.300$ first, followed by repeating the pressure on 4.500$ high.

 

The expected trading range for today is between 4.050$ and 4.300$

 

Trend forecast: Bullish