Natural gas price still bullish

Natural gas price lost the positive momentum recently after stochastic decline below 50 level, to force it to postpone the bullish rally and provide new sideways fluctuation by settling near 3.400.

We will depend on the stability of the additional support at 3.260 to form solid obstacle against the attempts to activate the correctional bearish track, assuring the importance of gathering the positive momentum to assist to form bullish rally to target 3.750 and 3.950 levels.

The expected trading range for today is between 3.250 and 3.750

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.

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