Natural gas price continued resisting the negative pressures, by its stability above $3.350 level, to decrease the chances for suffering extra losses, and increase the chances for activating the bullish track, due to stochastic exit from the oversold levels as appear in the above image.

 

The price rally is expected toward the extra resistance at $3.640, confirming that surpassing it is important to confirm regaining the bullish bias, by its rally directly to the positive stations near $3.950 reaching $4.180 in the medium period trading.

 

The expected trading range for today is between $3.450 and $3.950

 

Trend forecast: Bullish