Natural gas price returned to provide weak trading affected by the stability of 3.400 level that forms an obstacle against the bullish attempts, while we remind you that the moving average 55 forms initial support at 3.1500, which allows us to continue suggesting the bullish attempts to assure the importance of surpassing the current barrier and manage to reach the main positive target at 3.700.
We should note that the price decline below the moving average 55 might cancel the bullish overview and force the price to suffer more losses by moving towards 3.050, which breaking it will extend the losses on the medium term period towards 2.750 followed by 2.500.
Expected trading range for today is between 3.150 and 3.700
Expected trend for today: Bullish