Natural gas price rose in its last trading on the intraday basis, due to its leaning on the support of EMA50, gaining bullish momentum that helped it to achieve these last gains, preparing to attack the key resistance at $4.75, amid the dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this trend, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.

 

Therefore, we suggest a rise in its upcoming intraday trading, especially when breaching $4.75, to target its main resistance at $5.00.

 

The expected trading range for today is between $4.55 and $5.00

 

Trend forecast: Bullish