Natural Gas is stuck – Analysis – 27-3-2017

No news for Natural gas despite its fluctuation below 3.150 level, which forms the extension of the bullish channel's broken support, to be affected by stochastic rally towards the overbought areas, blocking the negative attempts for now, while we expect to form new sideways fluctuation until gathering the negative momentum followed by starting to record the expected negative targets at 2.700 followed by 2.430.

We should note that attempting to rally above 3.300 will cancel the negative overview and put the price under new positive effect to target 3.600 followed by extending trading towards the previously recorded top at 3.950.

Expected trading range for today is between 3.150 and 2.700

Expected trend for today: Bearish