Natural gas price confirmed its surrender to the negative pressure by providing repeated closing below $4.200 level, suffering clear losses by approaching the initial negative target at $3.750 then rebounding to settle above the bullish channel’s support at $3.950.

 

We recommend waiting to confirm breaking the current break to confirm moving to the negative track, then attempts to target more negative stations by reaching $3.620 and $3.480, while its rally above $4.200 will cancel the negative overview, providing chance to begin forming bullish waves, to target $4.510 level initially.

 

The expected trading range for today is between $3.620 and $4.150

 

Trend forecast: Bearish by the stability of $4.200