Natural gas price lost its positive momentum yesterday as stochastic declined from the overbought areas, to repeat its fluctuation around 3.050 support, while the bullish scenario will remain valid as long as the current support remains intact, supported by the moving average 55 consolidation around it, expecting to renew the bullish attack in the near term period and target 3.2000 followed by 3.375 levels.
We should note that any attempt to decline below the current support will cancel the bullish overview and regain the bearish bias to suffer many losses by moving towards 2.750 followed by 2.500.
Expected trading range for today is between 3.050 and 3.200
Expected trend for today: Bullish