Natural gas price is slow – Analysis – 18-1-2023

Natural gas price provided slow sideways trades yesterday, affected by the contradiction between the major indicators until this moment, to keep its consolidation above the additional support at 3.500, expecting to renew the correctional bullish attempts supported by stochastic positive momentum signals, to attempt to cover some losses by targeting 4.000 and 4.440 levels.

On the other hand, declining below the current support and getting negative close will force it to resume the bearish attack, to suffer many losses by crawling towards 3.1200 and 2.850 levels.

The expected trading range for today is between 3.500 and 4.000

The expected trend for today: Bullish