Natural gas price faces new negative pressures – Analysis – 31-1-2023

Natural gas price still affected by the frequent negative pressures due to stochastic attempt to crawl towards the oversold areas, to increase the efficiency of the bearish track and notice its fluctuation near the negative target at 2.650.

Also, the stability of 3.500 barrier forms major factor to confine trades within the bearish track, to keep waiting to resume the negative attack until touching the bearish channel’s resistance at 2.250 followed by monitoring the price behavior to manage to detect the next main targets.

The expected trading range for today is between 3.150 and 2.500

The expected trend for today: Bearish