Natural Gas, Technical Analysis – H1
Natural gas opened with a gap down and tested the demand zone at 3,070, where a bullish market reversal signal had previously formed.
Natural gas opened with a significant gap down and tested the demand zone at 3,070, where a bullish market reversal signal had previously formed. In this context, a logical expectation is a gap fill toward the 3,125 zone, which would help confirm the development of a bullish structure.
Key Levels:
□ 3,070 (demand zone)
□ 3,125 (gap fill target)
Primary Scenario:
Rise to 3,125.
Alternative Scenario:
Consolidation within the 3,070–3,100 range.
Analyst Commentary:
In the current gas price environment, it is still premature to take large bets on opening the Strait.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.