Natural Gas – Technical Analysis (H1)

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.