Natural Gas, Technical Analysis – H1

Natural gas is approaching a critical support level at 3.118, where a reversal pattern “Over & Under” was previously formed. If this formation holds, we are likely to see a sharp upward reversal after testing this level. Otherwise, the price could collapse to a new low.

Key Levels:

□ 3.118 — critical support and potential reversal zone

□ 3.000 — key psychological downside target

Primary Scenario:

Decline toward 3.118, followed by a sharp upward reversal.

Alternative Scenario:

Breakdown below the 3.118 support with a subsequent decline toward the psychological level of 3.000.

Analyst Commentary:

The previous upward reversal proved unsustainable. Buyers are advised to wait for clear confirmation of a rebound before entering long positions.