Natural gas price began receiving bullish momentum due to stochastic rally above 50 level, which allows it to settle above the bullish channel’s support at $3.000 level, forming some bullish waves by its stability near $3.190.
Note that surpassing $3.520 is important to reinforce the dominance of the bullish trend, to open the way for recording several gains, which make $3.750 level forms the main initial target, while the price decline below the main support and providing negative close will confirm its move to bearish path, to expect suffering several losses by reaching $2.850 and $2.660 initially.
The expected trading range for today is between $3.050 and $3.450
Trend forecast: Bullish
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