Natural gas price succeeded to face stochastic negativity by providing new positive close above the minor bullish channel’s support line at 5.350, to confirm surrendering to the domination of the previously expected bullish trend.
Also, the moving average 55 forms additional support at 5.480, while stochastic provides the positive momentum by exiting the oversold areas, to expect the beginning of forming new bullish waves to target 5.950 and 6.277 levels.
The expected trading range for today is between 5.500 and 6.250
The expected trend for today: Bullish