Natural gas price succeeded in resuming the bearish corrective attack, targeting extra support level at $4.200, reminding you that monitoring the price behavior now to confirm the expected targets in the upcoming trading.

 

The stability above this support will push it to begin forming bullish waves, to target $4.550 level reaching 38.2%Fibonacci correction level near $4.750, while breaking the current support will ease the mission of pressing on the bullish channel’s support at $3.950, increasing the chances of moving to the negative scenario in the upcoming period trading.

 

The expected trading range for today is between $4.200 and $4.550

 

Trend forecast: Bullish