No news for natural gas price – Analysis – 17-3-2023

Natural gas price didn’t move until this moment, taking advantage of the additional support line stability at 2.400, to decrease the chances of resuming the negative attack, also, we will keep waiting to gather the positive momentum to manage to renew the correctional bullish attempts and wait to reach the correctional stations at 3.000 and 3.500.

We remind you that facing the negative pressures again and crawling below the mentioned support will force it to form strong negative waves and suffer more losses by moving towards 2.000 and 1.650 levels.

The expected trading range for today is between 2.350 and 2.950

The expected trend for today: Bullish