Natural Gas, Technical Analysis – H4

The asset is in the final stage of its ascending impulse, which is likely to encounter strong resistance in the supply zone around 3,320. If this scenario plays out, the subsequent decline could target the key support level at 3,060.

Key Levels:

□ 3,320 (resistance)

□ 3,060 (support)

Primary Scenario:

Rise toward 3,320, followed by a downward reversal targeting 3,060.

Alternative Scenario:

Decline from current levels.

Analyst Commentary:

Wait for the impulse to fully complete before taking new positions to avoid unnecessary risk of a breakout above 3,320.