Natural gas price surrenders to stochastic negativity – Analysis – 21-12-2018

Natural gas price faced strong negative pressures recently due to stochastic release from the overbought areas, to be forced to break 4.040 support line and suffer clear losses by reaching 2.520.

The continuous negative pressures and the stability of the mentioned resistance allow us to expect the attempt to resume the negative attack, to target the key support 3.320, followed by monitoring its behavior due to the importance of this barrier to detect the next main trend.

Expected trading range for today is between 4.00 and 3.320

Expected trend for today: Bearish