Natural Gas, Technical Analysis – H4

Local support for the price appears unstable. The market will likely need to test the demand zone at 2,700–2,720 before a sustainable upward reversal can develop. This area is where bulls may attempt a meaningful recovery.

Key Levels:

□ 2,700–2,720 (key demand zone)

Primary Scenario:

Decline toward the 2,700–2,720 zone.

Alternative Scenario:

Continuation of consolidation at current levels.

Analyst Commentary:

An expanding horn (megaphone) pattern is also visible on the chart. We will monitor it more closely in the coming sessions if it receives additional confirmation.