Key Points :
Breakout Confirmed: Natural gas surged above key resistance, signaling a shift in momentum. A daily close above $3.90 would confirm bullish strength.
Strong Support Held: The price held firmly at the 200-day moving average ($3.58), a level reinforced by previous resistance from October — turning it into a strong support zone.
Higher Lows Show Demand: Thursday’s low was higher than Wednesday’s, indicating increasing buying interest and near-term bullish sentiment.
Weekly Chart Backs Upside: The 50-week average adds further support to the current price area, and the market structure suggests a potential “third leg up” from the August low.
Defined Risk: Downside risk is now limited below $3.58, making pullbacks potential buying opportunities for investors.
Volatility Expected to Continue: While price swings may ease over time, heightened volatility is likely to persist in the near term.
