Natural Gas price awaits to surpass – Analysis – 1-5-2017

Natural gas price remains confined until this moment, affected by the strength of the resistance at 3.500, to repeat the sideways fluctuation above the initial support at 3.050, the main indicators provide some positive momentum that confirms delaying the bearish overview in the near period, to keep waiting for surpassing the initial support, then begin to record the waited targets at 2.750 and 2.500.

While the price rally towards breaching the mentioned resistance, so that will turn the price to settle within the bullish channel levels, which cancels the negative overview to begin targeting several positive levels that begin at 3.700 reaching to 3.950.

Expected trading range for today is between 3.400 and 3.050

Expected trend for today: Fluctuated