Natural gas price repeats providing negative closes below $4.000 level, to confirm delaying the bullish trading, and noticing the continued fluctuations near $3.750 level.

The price might be forced to provide more negative trading in the near-term period, due to the stability of stochastic below 50 level, which forces it to reach the moving average 55 at $3.450, in case breaking this barrier, the losses will extend towards $3.220 and $3.060.

The expected trading range for today is between $3.450 and $4.000

Trend forecast: Bearish

 The (ETHUSD) price is experiencing free fall in its last intraday trading, amid the main bearish trend on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressures around the price, especially with the emergence of negative signals from relative strength indicators, despite reaching oversold levels, indicating the strength and volume of the bearish momentum in the near period.

The (Brent) price slipped lower in its last intraday trading, amid the emergence of negative signals from relative strength indicators, after offloading its oversold conditions previously, opening the way for recording those losses, to lean on EMA50’s support, which might provide a chance for gaining bullish momentum to help it rebound higher, especially with its trading alongside minor bullish trend line on short-term basis that reinforces this scenario.

The (USDCHF) price settles on gains in its last intraday trading, to test 0.7725 key resistance, accompanied by testing minor bearish trend line on short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full recovery on near-term basis, with the emergence of negative overlapping signals from relative strength indicators, after reaching overbought levels.