Natural Gas, Technical Analysis – H4

The asset is in the final stage of its downtrend as the market approaches a major support zone around 2,750. A breakout below this level by the bears looks unlikely amid probable seller exhaustion and ongoing Middle East developments. The final bearish wave is expected after a corrective retracement toward 2,950.

Key Levels:

□ 2,950 (key resistance / retracement target)

□ 2,750 (major support zone)

📊 Primary Scenario:

Retracement to 2,950, followed by a decline to 2,750.

Alternative Scenario:

Direct decline to 2,750 from current levels, followed by a sharp upward reversal.

Analyst Commentary:

Long positions remain unsafe until the market successfully tests the 2,700-2,750 support area.