Natural gas price returns to the bullish range – Analysis – 3-10-2018

Natural gas price provided strong bullish attack recently, to surpass 3.080 level that formed solid barrier against the attempts to regain the bullish bias, while the price current consolidation within the bullish channel and achieving 3.205 allow us to confirm the continuation of the positivity that might push the price to touch 3.300 followed by reaching 3.360 resistance.

Stochastic rally towards the overbought areas confirms the continuation of the positivity by providing strong positive momentum, to ease the attempts to rally towards the suggested positive targets.

Expected trading range for today is between 3.120 and 3.300

Expected trend for today: Bullish