Natural gas price confirmed its surrender to the bearish correctional bias by reaching below the initial support at $3.600, to settle below the moving average 55, hitting the initial negative target by reaching $3.450.

 

The stability of stochastic near 20 level will increase the negative pressure on the trading, which assist to renew the negative attempts that might target levels near $3.320, while the price success to regain the bullish bias requires providing a positive close above the barrier near $3.850.

 

The expected trading range for today is between $3.320 and $3.600

 

Trend forecast: Bearish temporarily