Natural gas price needs new positive momentum – Analysis – 23-5-2023

Natural gas price was affected by stochastic crawl below 50 level, to force it to postpone the correctional bullish attack and settle near 2.400, noting that postponing the negative attack will remain valid as long as 1.950 level forms additional support, waiting to gather the additional positive momentum to manage to reach the MA55 at 2.850, followed by testing the bearish channel’s resistance at 3.150.

The expected trading range for today is between 2.250 and 2.650

The expected trend for today: Bullish