Natural gas price is weak – Analysis – 24-1-2023

Natural gas price provided weak sideways trades yesterday, attempting to face stochastic positivity by settling below 3.500 level in order to reinforce the chances of resuming the negative attack again, thus, we will keep suggesting the domination of the bearish scenario for the upcoming period, to expect gathering the negative momentum and crawl towards 3.120 direct, followed by attempting to reach the next main target at 2.6000.

The expected trading range for today is between 3.750 and 3.150

The expected trend for today: Bearish