Natural gas price continued forming a new bearish movement, to confirm its surrender to the previously suggested bearish scenario, to settle near $2.750.
The negative stability below the extra barrier at $3.150 by stochastic reach the oversold level will increase the negative pressure for today’s trading, to keep waiting for reaching the extra support at $2.620, where breaking it will open the way for targeting new bearish stations that might begin at $2.390 and $2.250.
The expected trading range for today is between $2.620 and $2.920
Trend forecast: Bearish
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