Natural gas price declines slowly – Analysis – 20-1-2023

Economies.com
2023-01-20 06:28AM UTC

Natural gas price took advantage of the frequent negative pressures by forming slow negative crawl to settle below 3.500 level that formed solid obstacle against the recent negative attempts, while stochastic crawl towards the oversold areas will increase the negative pressures, to keep our negative overview by breaking 3.120 level and reach the bearish channels support line at 2.600.

 

The expected trading range for today is between 3.500 and 2.850

 

The expected trend for today: Bearish

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