Natural gas price failed by breaking the bullish channel’s support, affected by the continuation of the main indicators’ contradiction until this moment, which forces it to provide new sideways trading by its stability near $4.060.

 

The price confinement between the main support at $3.900 while $4.200 level is expected by forming strong barrier against the current trading, therefore, we recommend the neutrality for today, waiting for surpassing one of the main levels, to detect the expected trend in the near and medium period trading.

 

The expected trading range for today is between $3.900 and $4.200.

 

Trend forecast: Neutral