Natural gas price started today by forming bearish gap to settle below the minor bullish channel’s support line at 5.420, to suffer some losses by touching 5.210.
We expect the continuation of fluctuation below the broken support and get negative momentum by stochastic, to resume the negative attempts and target 5.060 followed by reaching the first major support at 4.885.
The expected trading range for today is between 5.400 and 5.060
The expected trend for today: Bearish