Natural gas price was little changed as it stabilized below the $4.180 barrier, with the $4.050 level representing an extension to the support of the breached ascending channel, with the price now engaging in sideways trading near $3.920.

 

Our negative outlook holds for the time being, with the price potentially heading towards the support of $3.750, with a breach opening the door for more losses towards $3.650 then $3.520. 

 

Expected trading range today is between $3.750 and $4.050.

 

Today’s price forecast: Transiently Bearish