Natural gas price didn’t move until today’s trading, by fluctuating frequently between the major barrier 2.000$ and the historical support 1.540$ that forms solid obstacle against the attempt to move to the negative track again.
These factors confirm surrendering to the domination of the sideways bias, noting that stochastic reach to the oversold areas might force it to form some additional negative waves to repeat the pressure on the historical support now.
The expected trading range for today is between 1.710$ and 1.540$
Trend forecast: Sideways