Natural gas price moves into new positive track – Analysis – 9-11-2018

Natural gas price formed strong bullish rally recently to notice surpassing the sideways range’s resistance at 3.400, to support the preparation to build new bullish bias by recording 3.610 level, while we expect to form new support at the breached resistance to resume the bullish attack and target 3.780 followed by reaching 50% Fibonacci correction level at 4.030.

Stochastic approach to the overbought areas reinforces the bullish overview by providing new positive momentum to assist to resume the bullish attack until reaching the suggested targets.

Expected trading range for today is between 3.470 and 3.780

Expected trend for today: Bullish