Natural gas price forms minor bullish channel – Analysis – 5-1-2022

Natural gas price formed minor bullish channel recently, to settle above 3.700 support line, while the price needs to get new positive momentum in order to confirm the domination of the bullish bias in the upcoming period, to manage to achieve new gains that might start at 3.820 followed by reaching 3.960.

Note that attempting to crawl below the mentioned major support will confirm postponing the bullish attack, to suffer intraday losses that might extend towards 3.620 and 3.500 before recording any new positive target.

The expected trading range for today is between 3.700 and 3.820

The expected trend for today: Bullish