Natural Gas confirms the positivity – Analysis – 30-3-2017

Natural gas price provided new positive close above 3.150 level, to confirm regaining the bullish bias to settle again within the bullish channel’s levels as appears in the above image, we expect providing strong positive pressure on 3.300, to attempt to surpass 23.6% Fibonacci correction level to resume the bullish attack in the upcoming trading by reaching 3.720 and 3.930.

Stochastic stability near 80 level and attempt to form new bearish wave that reinforces the bullish suggestion, which provides extra momentum that assists the price attempt to record the suggested targets.

Expected trading range for today is between 3.150 and 3.720.

Expected trend for today: bullish.