Natural gas price provides intraday correctional trading – Analysis – 27-2-2017

Natural gas price formed bullish correctional wave to settle above 2.700 level, which delay the negative overview in the near trading, therefore, the stability of the current support might force the price to provide more of the correctional rally to target the extension of the resistance to 3.000.

While the surpassing the current support will return the negative domination again, to repeat the negative attack until reaching the target at 2.4300, stochastic rally to 80 level forms the main target for providing the bullish correctional trading in the near period, waiting for testing the resistance then begin to build new bearish bias in the upcoming period.

Expected trading range for today is between 2.7000 and 3.000

Expected trend for today: bullish