Natural gas price repeats the sideways fluctuation – Analysis – 17-1-2023

Natural gas price lost its negative momentum after stochastic exit from the oversold areas, to force it to fluctuate above the additional support 3.550, hinting postponing the negative attack for now.

The price might start attempts to cover the losses by forming correctional bullish waves and target 4.000 followed by reaching 4.440 additional barrier, while breaking the current support and providing negative close below it will confirm surrendering to the domination of the bearish bias, waiting to target new negative stations that might start at 3.120 and 2.850.

The expected trading range for today is between 3.500 and 4.000

The expected trend for today: Bullish