Natural gas price surrendered to stochastic negativity, threatening the stability of the extra support at $3.830, suffering intraday losses by hitting $3.770 level, then attempts to settle above this support to confirm the dominance of the previously suggested bullish bias.

 

We recommend waiting for providing new bullish close for the upcoming four hours’ time frame above the current support, which reinforces the chances of forming several bullish waves, to target $4.050 level, reaching the barrier near $4.210, while facing new bearish pressures will confirm activating the bearish corrective track, which forces it to suffer more losses by targeting $3.690 and $3.550 level.

 

The expected trading range for today is between $3.800 and $4.050

 

Trend forecast: Bullish