Natural Gas is currently showing signs of a short-term bounce after testing key support around the 267–258 zone. My view remains bullish in the short term with potential upside toward 285–288, which aligns with the downward purple trendline and both the 50 EMA (around 292.3) and 200 EMA (around 288.9). This confluence zone is expected to act as strong resistance.
Once the price reaches that level, I’ll look for bearish confirmation to re-enter short positions, in line with the broader downtrend marked by the falling black trendline.
📌 Levels to watch:
Support: 267 / 258
Resistance: 285–288 (EMA + trendline)
Once the price reaches that level, I’ll look for bearish confirmation to re-enter short positions, in line with the broader downtrend marked by the falling black trendline.
📌 Levels to watch:
Support: 267 / 258
Resistance: 285–288 (EMA + trendline)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.