No news for natural gas price – Analysis – 30-5-2023

No news for natural gas price, to continue forming weak sideways waves near 2.350 and keep its main stability within the main bearish channel that appears on the chart, reminding you that the previously suggested correctional bullish attempts will remain valid as long as 1.950 keeps forming the additional support, to expect the attempt to test the major resistance at 2.900 soon.

On the other hand, declining below the mentioned support and getting negative close below it will confirm its preparation to resume the main attack, to suffer big losses by moving towards the historical support near 1.500 followed by reaching the psychological support at 1.000.

The expected trading range for today is between 2.250 and 2.800

The expected trend for today: Bullish