Natural gas price repeats the sideways fluctuation – Analysis – 13-3-2023

No news for natural gas price until this moment, to continue forming weak sideways waves by fluctuating near 2.550 level, affected by the negativity of the major indicators, which hinder the attempt to resume the correctional bullish attack that depends on the stability of the additional support at 2.400.

Stochastic reach to the oversold areas confirms getting rid of the negative pressures, to expect gathering the additional positive momentum and start forming correctional bullish waves to attempt to achieve some gains by rallying towards 3.100 followed by reaching the additional barrier near 3.500.

The expected trading range for today is between 2.350 and 3.000

The expected trend for today: Bullish