Natural gas price needs an exit – Analysis – 2-6-2023

Natural gas price still affected by the domination of the sideways bias, to continue providing mixed trades and attempts to find a way to surpass one of the dominating levels represented by the bearish channel’s resistance at 2.800 and 1.9500 support line.

Now, stochastic reach to the oversold areas will increase the chances of gathering the positive momentum to manage to form some correctional bullish trades, to expect targeting 2.650 followed by extending trades towards the mentioned major resistance.

The expected trading range for today is between 2.200 and 2.650

The expected trend for today: Bullish