Natural gas price remains surrounded by strong factors that are represented by stability below the resistance of $3.350 besides forming extra barrier at $3.200 level, to confirm its surrender to the previously suggested bearish scenario.

 

The fluctuation near $2.880 level is caused by the attempt of gathering the required negative momentum to confirm breaking the barrier at $2.820, to ease the mission of resuming the bearish trend by reaching $2.620, where breaking it will confirm its move to a new negative station, to expect forming extra target at $2.620 support.

 

The expected trading range for today is between $2.620 and $3.100

 

Trend forecast: Bearish