Natural gas price ended its bullish correctional rally by providing negative close below the moving average 55, which represents an extra barrier at 6.250 and that forces it to form mixed sideways waves by its stability near 5.9000.
We expect the trading confinement in sideways range between the mentioned barrier and 5.300 level which represents a strong support until this moment, therefore, we recommend the neutrality and waiting for surpassing one of these levels to detect the expected trend for the upcoming trading.
The expected trading range for today is between 6.150 and 5.350
The expected trend for today: Sideways