Natural Gas technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Upward momentum is confirmed by the price trading well above both the 50-period green line and the 100-period red line Simple Moving Averages. The faster 50-SMA is positioned above the 100-SMA, which is a classic bullish signal. Currently, the price is in a short-term pullback and is testing the 50-SMA as a critical dynamic support level around $4.22. The Relative Strength Index further supports this bullish outlook, with a reading of 55. This is above the 50 centerline, indicating bullish momentum, but is not in overbought territory, which suggests there is ample room for the price to move higher.



Current market analysis confirms this view, with other technicals pointing to a bullish channel and strong support around the $4.20 level. The most likely scenario is a bounce from this 50-SMA support, leading to a continuation of the uptrend to re-test the recent highs near $4.65 and then target the major resistance level at $4.80. However, if the price fails to hold the 50-SMA and closes below it, a deeper correction could be expected, with the next significant support at the 100-SMA near $3.90 and the horizontal support at $3.80.

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