Natural gas price continued providing strong bearish pressures on the support level at $2.620, due to the negative momentum by the main indicators, which makes us wait for breaking the required breakout, to begin targeting extra negative stations by reaching $2.390 and $2.250 initially.

 

The stability of the moving average 55 above the initial resistance towards $3.170 confirms the trading confinement within the negative track, to keep waiting for achieving the negative targets, waiting for the next close to detect the suggested targets in the upcoming trading.

 

The expected trading range for today is between $2.390 and $2.820

 

Trend forecast: Bearish