Natural gas price is stable – Analysis – 12-9-2023

Natural gas price couldn’t change anything until this moment, to keep fluctuating between the 2.450 support and 2.800 level, which forms a strong barrier against the attempt of renewing the bullish attack.

we will stay aside until surpassing the dominant levels, to detect the expected targets in the upcoming trading, reminding you that breaching the barrier and holding above it will reinforce the chances for forming a strong bullish attack, to target 3.100 level initially, while breaking the support will force it to suffer big losses by reaching 1.950 reaching to the historical support at 1.650.

The expected trading range for today is between 2.450 and 2.7000

The expected trend for today: Neutral