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.
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.
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.