Natural gas surrenders to the negative pressures – Analysis – 2-1-2019

Natural gas price faced big negative pressures recently, to notice forming new negative attack by settling below 3.350 support, while the continuous negative momentum coming by the major indicators allows us to expect surpassing 2.880 level to open the way to achieve new negative targets that might start at 2.510 followed by 2.000.

The above chart shows stochastic consolidation within the oversold areas, to reinforce the continuation of the negativity by providing new negative momentum and increases the chances of reaching the mentioned negative targets.

Expected trading range for today is between 3.150 and 2.750

Expected trend for today: Bearish