Natural Gas holds above the initial support – Analysis – 17-11-2017

Natural gas price confirmed keeping the bullish attempts by getting new positive close above the initial support at 3.050, while we will keep waiting to gather the bullish momentum again to ease the attempts to renew the bullish attack until reaching the main targets at 3.270 followed by 3.375.

We notice that stochastic attempts to exit the oversold areas to end the negative pressures and ease the attempt to gain positive momentum again, to agree with the stability of the main bullish bias.

Expected trading range for today is between 3.050 and 3.270

Expected trend for today: Bullish