Natural Gas, Technical Analysis – H1

Natural gas has found support near the 3.15 zone and has moved into another corrective rebound. The nearest significant resistance levels are at 3.22 and 3.28. A strong seller reaction can be expected at each of these levels.

Key Levels:

□ 3.15 – Key support

□ 3.22 – First resistance

□ 3.28 – Second resistance

Primary Scenario:

Downward reversal from 3.22.

Alternative Scenario:

Higher correction toward 3.28, followed by a subsequent downward reversal.

Analyst Commentary:

Signs of weakness at the mentioned resistance levels (watch for long upper candle wicks) will serve as an additional confirmation for sell positions.