Natural gas price surrendered in its last trading to the bearish track due to the continuation of forming a strong barrier at $3.450 level, to begin forming bearish waves, to settle at $2.950 approaching the previously suggested initial negative target.
The main indicators contradiction might push the price to provide some sideways trading, however its negative stability below the mentioned barrier makes us keep the bearish scenario, which might target $2.820 and $2.620.
The expected trading range for today is between $2.620 and 3.150
Trend forecast: Bearish
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