Natural Gas, Technical Analysis – H4

The market remains in a clear downtrend, characterized by consistently lower highs and lower lows. Consequently, the current price rally should be viewed as a corrective move. From the 3.300–3.350 zone, a transition to the next leg of the decline toward the 3.000 area is expected.

Key Levels:

□ 3.300–3.350 — key resistance / correction high zone

□ 3.000 — primary downside target

Primary Scenario:

Completion of the upward corrective swing in the 3.300–3.350 zone, followed by a sharp downward reversal.

Alternative Scenario:

Consolidation at current levels.

Analyst Commentary:

Fragile positive sentiment surrounding the Middle East is likely to support the realization of this bearish scenario.