Natural Gas, Technical Analysis – H4

Natural gas prices are falling sharply. From a technical standpoint (which, in the current environment, cannot override the macro situation), the market is clearly heading toward the 2,700 support. Meanwhile, the 2,900 level is likely to act as strong local support.

Key Levels:

□ 2,900 — strong local support

□ 2,700 — key downside target

□ 3,050–3,100 — near-term resistance

Primary Scenario:

Bounce from 2,900 toward 3,050–3,100, followed by continuation of the decline toward 2,700 (target beyond the current session).

Alternative Scenario:

Loss of support at 2,900 and direct decline toward 2,700.

Analyst Commentary:

Without reaching the 2,700 target, any buying attempts will look premature.