Natural gas price without any change – Analysis – 7-6-2023

Natural gas price still waiting for any motivate to manage to exit the recently dominating calm trades, caused by the stability of 2.750 resistance and 1.9500 solid support line.

Therefore, we will stay neutral until surpassing one of these levels, noting that succeeding to decline below 1.950 will open the way to target new negative stations that might start at 1.480, while rallying above the resistance will confirm getting rid of the domination of the bearish bias, to start forming strong bullish waves that might push it to reach 3.100 followed by 3.500 levels.

The expected trading range for today is between 2.100 and 2.500

The expected trend for today: Neutral