NATGAS/USD Price Rally Continues Within Ascending Channel

Natural gas prices continue to rise, rebounding from a recent pullback within an ascending channel. The price had touched the zero Fib level near $2.731, which coincided with the mid-channel support and the 100 SMA dynamic inflection point.

This confluence of technical floors was enough to attract dip buyers, sparking a rebound that carried the price back above the $2.800 handle.

The Fibonacci retracement tool indicates potential upside targets for natural gas, with the 38.2% level around $2.820 already being tested as a pivot point.