Natural gas price continued forming negative pressures to keep its positive stability above the bullish channel’s support at $3.050, forming weak sideways trading due to the contradiction of the main indicators by providing negative momentum in the last period.

 

Note that the stability above the support level makes us wait for gathering the bullish momentum, to ease the mission of forming bullish waves, to target $3.450 reaching $3.910 level, while breaking the support and holding below it will force it to resume the decline, suffering big losses by reaching $2.850 and $2.660.

 

The expected trading range for today is between $3.000 and $3.450

 

Trend forecast: Bullish