Natural gas price keeps the positivity – Analysis – 18-1-2022

Natural gas price ended its correctional bearish rebound after recording 4.870 level by settling within the minor bullish channel again, while we will depend on the stability of 4.160 support line in addition to the continuous positive momentum coming by the major indicators to support the bullish overview that might target 4.377 and 4.520 levels soon.

Note that the price attempt to crawl below the mentioned support will confirm moving to the bearish track and open the way to form strong negative attack, to expect moving towards 4.090 and 3.940 levels.

The expected trading range for today is between 4.210 and 4.377

The expected trend for today: Bullish