Natural gas price failed to resume the bullish trend by facing the moving average 55 near $3.360, to form some corrective waves by approaching the initial support at $3.150 level.

 

Note that the stability below the moving average 55 might force it to delay the bullish trend and forming some sideways trading, with a chance to decline near $2.950, while gathering positive momentum will provide chances to renew the pressure on the moving average 55 to find an exit to record extra gains that might begin at $3.520 reaching $3.680.

 

The expected trading range for today is between $3.000 and $3.350

 

Trend forecast: Fluctuating