Natural gas price surrendered to the stability of the bullish channel’s resistance line at 4.360$ on last Friday to force it to postpone the bullish rally and form temporary correctional rebound to settle near 3.800$.
This correctional decline won’t affect the main bullish track due to the frequent stability above the bullish channel’s support line at 3.610$, also, stochastic reach to the oversold areas will increase the chances of gathering the positive momentum to assist to form some bullish waves that might target 4.030$ level soon, followed by reaching the mentioned resistance line.
The expected trading range for today is between 3.800$ and 4.030$
-Trend forecast: Bullish
Swiss
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