Natural Gas NATGAS technical analysis

NATGAS trades at $2.9194, down 2.25% in 24 hours. Momentum is neutral-to-soft, with 4h RSI at 43 versus a daily reading of 56, while price sits below the 4h SMA20 of 2.9384 but above the daily SMA20 of 2.83615.

The active battle is between 4h support 2.819-2.91 (13 touches) and 4h resistance 2.932-2.947 (3 touches). Price is wedged inside this range, with a rising support trendline near 2.86687 (3 touches) adding a lower boundary. A fall to 2.798-2.883 (10 daily touches) or 2.741-2.799 (9 touches) would shift the fight lower.

Bulls need to reclaim and hold above 2.932-2.947 to challenge 2.96367-2.97233 and the falling daily resistance trendline near 3.00006. Bears need a sustained break below 2.819-2.91, which exposes 2.798-2.883 and then 2.741-2.799.