Natural gas price continued forming strong bullish waves since yesterday, to notice achieving the suggested targets by reaching $4.00 level, to reach the support of the broken bullish channel’s support, which represents a key resistance.

 

Noticing that stochastic begins to exit the oversold level, attempting to provide a new bullish momentum, to increase the chances of surpassing the current resistance, and its stability above this level will confirm its readiness to record new gains by its rally towards $4.185, while the failure to breach it will support the dominance of the sideways bias in the current trading, and there is a chance to retest $3.620 level before reaching extra bullish target.

 

The expected trading range for today is between $3.780 and $4.185

 

Trend forecast: Bullish