Natural gas price returned to form new negative trading affected by stochastic negativity, providing strong pressures on the critical support at $3.050, which represents the head and shoulders pattern.

 

Note that breaking the current support will confirm activating the negative pattern, to move to a new negative track, forcing it to suffer several losses by reaching $2.710 and $2.390, for regaining the bullish bias we recommend waiting for providing positive close above $3.320 to ease achieving several gains that might begin at $3.450 and $3.610.

 

The expected trading range for today is between $2.710 and $3.150.

 

Trend forecast: Bearish