Natural gas remains bearish – Analysis – 20-7-2018

In spite of the natural gas price form to a bullish correctional wave, but its stability below the resistance at 2.850 confirms the bearish bias domination in the upcoming period, but the stability of the moving average 55 near the current resistance, to increase its stability within the current fluctuation, to confirm the price confinement within the negative range within the negative range.

Therefore, we will keep waiting for gathering a new negative momentum, which assists resuming the bearish attempts, targeting 2.700 mainly reaching to the extension of the critical support at 2.550.

Expected trading range for today is between 2.830 and 2.700

Expected trend for today: Bearish