Natural Gas, Technical Analysis – H4
The asset continues its steady decline toward the key support zone at 3.060.
The asset continues its steady decline toward the key support zone at 3.060. The level of 3.090 may also serve as a temporary barrier, but both areas can be viewed as a single demand zone.
Key Levels:
□ 3.090 (intermediate support)
□ 3.060 (key demand zone)
Primary Scenario:
Decline toward 3.060, followed by an upward reversal.
Alternative Scenario:
Upward bounce from the 3.090 level.
Analyst Commentary:
Both levels are noteworthy, but as with any counter-trend setup, confirmation is essential before entering.
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.