Natural gas price attempted to resist the negative pressures by ending the negative trading after testing the bullish channel’s support to $3.880, forming a positive rebound by its stability near $4.080.

 

We couldn’t confirm regaining the bullish attempts unless breaching the barrier at $4.200 and providing positive close above it, therefore, we expect providing mixed trading and there is a chance for providing new pressures on the main support, while breaching the barrier and holding above will provide strong chance to begin achieving several gains, to expect its rally initially towards $4.510.

 

The expected trading range for today is between $3.900 and $4.200

 

Trend forecast: Bearish