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Natural Gas Price Forecast: Breakout or Breakdown Ahead?

Natural gas holds support at the 20-day moving average and trendline as volatility compresses, with price approaching key resistance near $3.40 and the 200-day moving average.

CJPN24 AI Desk•••2 min read
Natural Gas Price Forecast: Breakout or Breakdown Ahead?
Natural Gas Price Forecast: Breakout or Breakdown Ahead?
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Key Points

  • Short-Term Levels Define the Next Test The interim swing high of $3.33 from Tuesday is the next short-term upside target.
  • It would need to be exceeded before the recent lower swing high of $3.38 could be challenged.
  • Since the top resistance zone has ...

Short-Term Levels Define the Next Test
The interim swing high of $3.33 from Tuesday is the next short-term upside target.

It would need to be exceeded before the recent lower swing high of $3.38 could be challenged.

Since the top resistance zone has ...

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Source: FXEmpire

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CJPN24 AI Desk

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