Buyers Regain Control Near Key Resistance
Bullish momentum was retained in natural gas as it continued to test a resistance zone that could soon give way. On Tuesday, natural gas triggered a one-day bullish reversal above Monday’s high, reaching a session peak of $3.52 and establishing both a higher daily high and a higher low. The 200-Day moving average — currently at $3.49 — remains a key technical barrier.
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See all Natural Gas forecastsA second breakout attempt above this line also triggered today, and a daily close above it will confirm renewed strength. Yesterday’s session found resistance at this same level, so a close above it now would signal that demand is strengthening, and the recent minor pullback has likely completed.
Indicators Show Rising Demand
A sustained reclaim of the 200-Day average would confirm that the two-day pullback likely ended today, shifting momentum decisively back to the bulls. Strength can also be seen in the rising slope of the 10-Day moving average, indicating accelerating near-term momentum. Buyers stepped in early this week near the $3.30 low, notably above the 10-Day line — another sign that the market remains well supported on dips.
Bullish Targets and Continuation Signals
A move above today’s high opens the door for a continuation higher, with a key trigger level at $3.59, last Thursday’s swing high. A breakout above that level would also coincide with an upside break through the upper boundary of a long-term descending trend channel. Above $3.63, the 61.8% Fibonacci retracement at $3.63 aligns with the next measured upside target, further increasing its potential technical significance.
Support Zones to Watch
Despite the improving outlook, the resistance zone remains intact until there is a daily close above $3.59. On the downside, a drop below today’s low of $3.36 could signal short-term weakness, with risk extending to Monday’s low of $3.30. Still, the rising 10-Day average — now approaching that same zone — should act as initial dynamic support. Monday’s successful retest of a prior rising trendline, now turned support, reinforces that underlying bullish structure remains intact. Unless the 10-Day line breaks decisively, natural gas appears to be setting up for another advance within its emerging uptrend.
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