Natural Gas price begins to decline – Analysis – 10-6-2019

Natural gas price ended the silence by surrendering to the bearish bias domination, due to its frequent stability below 3.050 resistance, to notice forming negative trades and recording 2.350 level, which confirms the price preparation to resume the negative attack and expect to break 2.225 level to ease the mission of reaching the next negative station at 1.940.

Stochastic sharp decline and settling within the oversold areas supports our negative overview by providing new negative momentum to increase the chances of reaching the second negative station.

The expected trading range for today is between 2.505 and 1.940

The expected trend for today: Bearish