Natural Gas, Technical Analysis – H1

Natural gas is forming a “double bottom” pattern, which could serve as the foundation for a more significant reversal formation (such as an inverted Head and Shoulders). The key resistance level for pattern confirmation is 2.950. A successful break above this level (green scenario on the chart) would validate the reversal pattern and open the way for a full trend reversal. Conversely, if buyers show weakness (red scenario), the prevailing downtrend will remain intact.

Key Levels:

□ 2.950 — key resistance / pattern confirmation level

Primary Scenario:

Upward move toward 2.950.

Alternative Scenario:

Low-volatility sideways consolidation at current levels.

Analyst Commentary:

The market remains highly sensitive to news, statements, and developments related to the Middle East.