Natural gas price moves slowly – Analysis – 26-5-2023

Natural gas price continued to provide slow sideways trades, affected by the contradiction between the major indicators, in addition to the frequent stability above the additional support 1.950, to confirm postponing the negative attack caused by the main stability within the bearish channel that appears on the chart.

Therefore, we will keep suggesting the correctional bullish attempts on the near term basis, reminding you that the positive targets are located near 2.850 followed by reaching 3.100, to test the bearish channel’s resistance followed by monitoring its behavior due to the importance of this level to determine the next main trend.

The expected trading range for today is between 2.300 and 2.800

The expected trend for today: Bullish