Natural gas price hits the target – Analysis – 24-11-2022

Natural gas price’s trading extended to 7.610, to achieve the waited target that formed by a strong barrier against the attempts of resuming the bullish attack, to notice forming bearish correctional rebound to 7.130.

The current decline didn’t affect the main bullish track, depending on the stability of the extra support at 6.750, to expect forming sideways trading until gathering the positive momentum, which allows it to renew the pressure on the barrier and find an exit for resuming the rise in the upcoming period.

The expected trading range for today is between 6.900 and 7.650

The expected trend for today: Bullish