Natural gas price repeats the sideways fluctuation – Analysis – 16-3-2023

Natural gas price lost the positive momentum to postpone the correctional bullish attack and fluctuate near the additional support at 2.400, while the current support forms the key to detect the next trend, as settling above it will push the price to gather the positive momentum again, to manage to cover more losses and target 3.000 followed by 3.500 levels.

On the other hand, surrendering to the negative pressures and crawling below 2.400 will force it to form strong negative waves, to suffer more losses and move towards 2.2000 and 1.650 levels.

The expected trading range for today is between 2.350 and 2.950

The expected trend for today: Bullish