Natural gas price moves slowly – Analysis – 22-3-2023

Natural gas price provided new sideways fluctuation, affected by stochastic exit from the oversold areas, to hinder the previously suggested negative trades temporarily and settle near 2.350.

We remind you that the main stability within the bearish channel forms major factor to keep the bearish overview, also, 2.750 level attempt to form additional barrier will increase the chances of gathering the additional negative momentum to keep waiting to renew the pressure on the psychological barrier at 2.000, which breaking it will open the way to reach additional stations that start at 1.750 and 1.550.

The expected trading range for today is between 2.550 and 2.000

The expected trend for today: Bearish