Natural Gas Price Analysis: GAS.CMD/USD Breakout Eyes $3.5050 Target

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The GAS.CMD/USD daily chart exhibits a robust bullish reversal as price action has clearly broken away from its recent consolidation phase, confirmed by a decisive move above the 20-day SMA and an established ascending trendline. The market is currently testing the $3.3510 resistance, and a sustained daily close above this level would reinforce the current momentum, potentially targeting the $3.5050 ceiling; conversely, any pullback should find technical support near the $3.2275 level, which now serves as a key pivot point for maintaining the bullish structure.



Further implying fundamentals such as inventory and weather patterns may reinforce the overall near-term bullish consensus in the natural gas market.
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