Natural Gas Trends: Price Analysis and Key Levels for Market Direction

Currently priced at $1.9240, Natural Gas (NG) has seen a modest increase of 0.31%. The market is at a pivotal point around $1.9218, indicating a crucial juncture for future price movement. Resistance levels are identified at $1.9396, $1.9720, and $2.0068, suggesting potential obstacles for upward trends.

On the other hand, support levels are established at $1.8797, $1.8503, and $1.8214, delineating thresholds for downward trends. With the 50-day Exponential Moving Average (EMA) at $1.8599 and the 200-day EMA at $1.8350, NG demonstrates a bullish trend within an upward trading channel.

A sustained rise above $1.9218 would strengthen the bullish outlook, while a decline below this level could indicate a shift towards bearish momentum.