There is no change in natural gas price trading, trading in sideways range while remaining near the $3.200 level. This behavior is influenced by the ongoing conflict among the main technical indicators during the recent period.

 

Noting that Stochastic attempt to exit the overbought zone could increase negative pressure on current trading, making it easier for the price to target negative levels at $2.950 and $2.800.

 

The price’s move to bullish trend requires a strong bullish rally to settle above $3.520 level, which allows it to record several gains by its gradual rally towards $3.710 and $3.950.

 

Expected trading range for today: Between $2.950 and $3.300

 

Today’s price outlook: Bearish