Natural Gas is approaching apex compression, holding above an ascending trendline while capped by a descending trendline from March highs. Price is testing the 50 EMA at $3.83 with a key horizontal level at $3.75 in focus. A break below could trigger downside to $3.43. On the flip side, a breakout above $4.00 could open a run toward $4.24. RSI at 37 supports ongoing consolidation with a bearish lean.
Summary:
⚠️ Neutral bias in play. Watch for breakout above $4.00 for long, or breakdown below $3.75 for short toward $3.43.
Summary:
⚠️ Neutral bias in play. Watch for breakout above $4.00 for long, or breakdown below $3.75 for short toward $3.43.
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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.