Natural gas price reached $6.150 level yesterday, facing strong negative pressures, which forces it to lose its gains by surpassing the bullish channel’s levels and its stability below $4.100 support.

 

All that confirms that the price enters a state of instability, to suggest the neutrality until confirm the main trend in the upcoming trading, note that the price attempt to decline below $3.450 level might force it to suffer new losses by targeting 61.8%Fibonacci corrective level at $3.030, while regaining the bullish bias requires providing a new daily close above $4.220 level.

 

The expected trading range for today is between $3.450 and $4.250

 

Trend forecast: Neutral