Natural gas price fluctuates below the resistance – Analysis – 12-1-2022
Economies.com
2022-01-12 06:01AM UTC
Natural gas price achieved many positive targets recently by reaching the minor bullish channel’s resistance at 4.250, to force it to form sideways fluctuation until gathering the additional positive momentum.
Note that the stability of the additional support 4.100 and stochastic attempt to rally above 50 level allow us to keep the bullish overview, to expect attacking 4.270 level soon and attempt to reach the next main target at 4.350.
The expected trading range for today is between 4.150 and 4.270
The expected trend for today: Bullish
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