Natural Gas settles within the correctional bearish range – Analysis – 19-3-2018
Economies.com
2018-03-19 07:45AM UTC
Natural gas price hinted its surrender to the correctional bearish bias domination by providing new negative close below 2.8000 level, thus, we expect the price to prepare to form new negative trades to manage to reach 2.550 level that represents the extension of the key support that appears on the chart.
Stochastic attempt to reach the oversold areas supports our bearish overview by providing additional negative momentum to ease the attempt to reach our target.
Expected trading range for today is between 2.800 and 2.550
Expected trend for today: Bearish
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