Natural Gas prepares to resume the bullish attack – Analysis – 22-1-2018

Natural gas price confirmed the affection by the bullish bias domination due to providing new positive close above 3.050 level and settles above 3.260 as appears on the chart, while stochastic forming for new positive wave assists to renew the bullish attempts, waiting to achieve the next main target at 3.380 followed by monitoring the price behavior due to this level importance to detect the main trend for the upcoming period.

We remind you that the continuation of the positive pressures might force the price to breach the targeted level and reinforce the domination of the bullish bias for the upcoming trading, expecting to rally towards 3.550 that forms the next positive station of the bullish bias.

Expected trading range for today is between 3.150 and 3.380

Expected trend for today: Bullish