Gas Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Natural Gas is in a corrective phase, testing the crucial 2.900 support zone after being strongly rejected from the 3.200 resistance. After a rally to the 3.200 level, which acted as a significant supply zone, sellers took decisive control, triggering a sharp bearish pullback. This correction has driven the price down to the 2.900 area, a key technical and psychological level now acting as a potential demand zone. The market is now at a battleground where its next direction will likely be decided. For a bullish outlook to return, buyers must successfully defend the 2.900 support, which would suggest the decline was a healthy pullback. A successful hold would then target a rally back towards the major resistance at 3.200.



Conversely, a bearish scenario would unfold if sellers maintain pressure and achieve a decisive break and close below the 2.900 support zone. This would be a significant bearish signal that sellers remain in control, likely triggering a further decline towards the next major support level at 2.740.

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