Natural Gas Futures are trading around $3.637, holding above a rising trendline that has supported the recent recovery. The 50-day exponential moving average (EMA) at $3.503 is providing additional support, reflecting a shift in short-term momentum after a prolonged downtrend.
Immediate resistance is at $3.721, a key level that, if breached, could open the path towards the next significant hurdle at $3.864. On the downside, initial support sits at $3.452, a critical pivot point that aligns with the recent trendline, while deeper support is found at $3.310, a level that has previously attracted strong buying interest.
For traders, a confirmed breakout above $3.721 could signal a potential rally toward the $3.864 level, while a failure to hold above $3.452 might trigger a retest of the lower support around $3.310, potentially reversing the recent uptrend.
