Natural Gas, Technical Analysis – H1

The market remains in a downward technical narrative, having formed another sloping support in the 2.730–2.740 zone. Once it is broken, the asset may embark on a new downward impulse. Thus, the current rise in quotes can be used by sellers to increase pressure.

Primary Scenario:

A pullback to 2.800–2.850, followed by a reversal lower.

Analyst Commentary:

Short setups forming in the 2.800 zone will have a high probability of working out.