Natural gas price seeks an exit – Analysis – 11-9-2023

Natural gas price repeated the sideways fluctuation within achieving any new positive target, to notice its move between the major support at 2.450, while 2.800 forms solid obstacle against the bullish rally.

We recommend the stay neutral and wait to confirm surpassing one of the major levels, to manage to detect the expected trend for the upcoming trading, noting that breaking the current support and providing negative close below it will force it to suffer clear losses by moving towards 1.950 followed by attempting to touch the historical support at 1.650.

The expected trading range for today is between 2.450 and 2.700

The expected trend for today: Neutral