Natural Gas – Technical Analysis (H1)
Natural gas has formed an Over&Under reversal pattern near the 2.827 supply zone. The market now faces a clear fork: a sharp move lower to fill the gap at 2.710, or continuation higher toward 3.000.
The asset has formed an Over&Under reversal pattern and is currently trading near the 2.827 supply zone. If the formation remains valid, a sharp downward reversal is expected, targeting the gap fill at 2.710. However, the absence of a confirming trend-line break means the pattern may still fail — in which case price is likely to resume its advance toward 3.000.
Key Levels:
□ 1. Supply zone: 2.827
□ 2. Gap fill target: 2.710
□ 3. Upside objective: 3.000
Primary Scenario:
Downward reversal toward 2.710.
Alternative Scenario:
Breakout and continuation higher toward 3.000.
Analyst Commentary:
Both scenarios currently appear equally probable.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.