Natural Gas – Rejection From Supply Zone, Possible Move LowerNatural Gas recently pushed into a key supply area around 3.20–3.27, where price has previously shown strong selling pressure. After the impulsive move up from the March lows, the market is now starting to lose momentum inside this resistance zone.
As long as price remains below the 3.27 resistance
About Natural Gas (Henry Hub)
Natural Gas (NGAS) is a fossil fuel formed from plants and animals buried underground and exposed to extreme heat and pressure. Natural gas is used domestically for cooking, as a power source, in agriculture, and in industrial manufacturing. Natural gas prices fluctuate constantly depending mainly on production issues, stockpiles, weather conditions, economic growth, crude oil prices, and more recently coal. Natural gas is commonly measured in MMBtu, with 1 MMBTu equaling 1 million BTU (British Thermal Units).
Natural Gas Prices Rise Amid Middle East ConflictNatural Gas Prices Rise Amid Middle East Conflict
The recent strike by Israel and the US, along with Iran’s retaliatory actions, has pushed energy asset prices higher. Yesterday, we reported on a bullish gap in oil markets, and while US natural gas prices have not surged as sharply, they are also
Natural Gas Approaches Strong Psychological ZoneNatural Gas Approaches Strong Psychological Zone
On the daily chart we can see that natural gas faced strong support near 2.73, where it was rejected several times over the past few years.
The U.S-Iran war gave a hand to the price to reach near to this strong support zone where it was holding for
Natural Gas: The last line of Defense...A make-or-break moment for Natural Gas. Either the sellers defend the Jan 15-16 liquidity zone, or we see a massive short squeeze above 3.183. The battlefield at 3.06 will decide the direction of the next medium-term move.
Technicals:
- Target Reached: the asset reached its first medium-term t
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Displays a symbol's price movements over previous years to identify recurring trends.









