Commodities
Natural Gas Breakout Targets $3.37 as Bullish Reversal Gains Momentum
Natural gas prices have broken out of a short-term downtrend and are now targeting $3.37.
The breakout above $3.15 has led to a bullish reversal, with natural gas futures reaching a new high of $3.23 on Wednesday.
The 200-day moving average has turned into support, providing an initial short-term signal that buyers are retaining underlying control.
A rising channel defines dynamic support for the asset, with both a trendline and the 20-day moving average acting as support levels.