Natural Gas, Technical Analysis – H1
Natural gas remains in a clear bearish technical structure. Sellers can use the current rebound to build positions, with the key focus on the 2.800 zone for high-probability short setups.
The market remains in a downward technical narrative, having formed another sloping support in the 2.730–2.740 zone. Once it is broken, the asset may embark on a new downward impulse. Thus, the current rise in quotes can be used by sellers to increase pressure.
Primary Scenario:
A pullback to 2.800–2.850, followed by a reversal lower.
Analyst Commentary:
Short setups forming in the 2.800 zone will have a high probability of working out.
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.