Natural gas prices haven’t moved anything since yesterday’s trading, to repeat forming sideways trading near $3.710, reinforcing the chances for renewing the negative attempts that depend on the stability of the resistance at $3.87.

 

We recommend waiting for breaking the initial support at $3.600, reinforcing the chances for forming strong bearish waves, to target $3.450 and $3.320 level, while breaching the resistance and holding above it will confirm its move to the bullish track by its rally to $3.960 initially.

 

The expected trading range for today is between $3.550 and $3.800

 

Trend forecast: Bearish