Natural gas price formed sideways trading yesterday by its stability near $4.080 level, attempting to catch its breath and gathering extra positive momentum to confirm the dominance of the bullish scenario by targeting $4.215 level, reaching the bullish channel’s resistance at $4.300.
The risk of activating the bearish corrective path lies in breaking the extra support at $3.830, which forces it to suffer some losses by reaching $3.740 and $3.550 before any attempt to record the previously suggested extra targets.
The expected trading range for today is between $4.050 and $4.300
Trend forecast: Bullish
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