Natural gas price surrendered to the main indicators negativity by providing new bearish pressures on the bullish channel’s support at $3.000 level as appears in the above image, the attempt of 3.520 level to form extra barrier might increase the chances of surrendering to the negative pressures, by breaking the current support, to confirm its move to bearish track by targeting several negative stations that might begin at $2.850 and $2.660.

 

We notice the continuation of stochastic fluctuation near 20 level, to increase the chances of gathering the required negative momentum to achieve the break then begin targeting the previously suggested negative stations.

 

The expected trading range for today is between $2.850 and $3.180

 

Trend forecast: Bearish