Natural Gas, Technical Analysis – H4
Natural Gas has exited its multi-session megaphone pattern on H4 with strong downside momentum. A retest of 2.720 is expected before further declines toward 2.600, while a recovery above this zone would challenge the bearish setup.
The asset has broken out of the megaphone pattern with solid momentum after trading inside it for several sessions. Under these technical conditions, sequential updates of lower lows become the preferred path. A preliminary retest of the megaphone’s lower boundary near 2.720 also remains possible.
Key Levels:
□ 1. 2.725 – upper edge of critical zone
□ 2. 2.720 – megaphone support / retest level
□ 3. 2.600 – primary downside target
Primary Scenario:
Pullback to 2.720, followed by a decline toward 2.600.
Alternative Scenario:
A return above the 2.720–2.725 zone would force a reassessment of the current technical outlook.
Analyst Commentary:
Confirmation of bullish weakness is required in the 2.720 area.
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.