The market is technically supported, but there are signs of shaking momentum. The key pivot is $3.505. If prices fall below this level, the momentum on the negative side could be accelerated. The $3.801 high on Friday currently exists as a potential lower upper, potentially strengthening the bearish structure when sales pressure rises.
The advantage is that trading through $3.801 shows new strength. If enough purchases occur, the next upward target is $4.020. The $3.193 50-day moving average supports a mid-term bullish trend, while the $2.739 200-day moving average continues to guide the long-term outlook.
Market forecast: Short-term uncertainty, long-term bullish bias
In the short term, natural gas futures show complex photographs with short-term resistance and profitable price weights. However, the intermediate and long-term outlook remains supportive as the skill level continues to support the bull. Traders will closely watch updated weather models and early March forecasts for the next major move. A break below $3.505 could cause further downsides, but a move above $3.801 indicates an updated upside potential.
Details of the economic calendar.
