Natural Gas, Technical Analysis – H4

Natural gas is in the process of closing the gap in the 3.165–3.175 area. The key question for traders is whether the market is ready for a full-fledged uptrend. Our base case assumes that liquidity will first be taken out in the 3.060 zone, after which the price is likely to break the current downtrend.

Key Levels:

□ Resistance: 3.165–3.175

□ Support: 3.060

Primary Scenario:

Rise toward 3.165–3.175 followed by a decline to 3.060.

Analyst Commentary:

The described price action may be choppy and highly volatile, therefore caution and strict risk management are essential.