Natural Gas, Technical Analysis – H1
Natural gas has found support near the 3.15 zone and has moved into another corrective rebound.
Natural gas has found support near the 3.15 zone and has moved into another corrective rebound. The nearest significant resistance levels are at 3.22 and 3.28. A strong seller reaction can be expected at each of these levels.
Key Levels:
□ 3.15 – Key support
□ 3.22 – First resistance
□ 3.28 – Second resistance
Primary Scenario:
Downward reversal from 3.22.
Alternative Scenario:
Higher correction toward 3.28, followed by a subsequent downward reversal.
Analyst Commentary:
Signs of weakness at the mentioned resistance levels (watch for long upper candle wicks) will serve as an additional confirmation for sell positions.
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.