Natural gas price keeps the positivity – Analysis – 22-10-2018

Natural gas price provided clear negative rebound recently, attempting to test the minor bullish channel’s support at 3.160, while the stability of this support line supports renewing the bullish attempts, to increase the chances of rallying towards 3.300 followed by reaching 3.410 resistance in the upcoming period.

The contradiction of the major indicators might force the price to provide more sideways fluctuation until gathering the positive momentum again, to manage to achieve the suggested targets.

Expected trading range for today is between 3.160 and 3.300

Expected trend for today: Bullish