Natural gas price keeps the positivity – Analysis – 16-5-2022

Natural gas price lost the positive momentum in its last trading by stochastic exit from the overbought level, which forces it to form a sideways fluctuation by its stability near 7.800, reminding you that the bullish track will remain valid due to the continuation of forming 6.720 level to the extension of the main support, and that makes us wait for gathering the required positive momentum, to form bullish waves, to expect targeting 8.300 level, then repeat the pressure on 9.100 barrier.

The expected trading range for today is between 7.400 and 8.300

The expected trend for today: Bullish