Natural Gas Hits Resistance, Investors Advised to Wait for Confirmation

Natural Gas is struggling to gain momentum as it faces resistance on its 1D technical outlook. Despite being marginally bullish, the asset has failed to cross over a key trendline, casting doubt on its immediate prospects.

The long-term outlook remains slightly bullish for Natural Gas, but investors are advised to exercise caution in the short term. A break above the LH trendline could trigger a buying opportunity, with the R1 level serving as a potential target at $3.350.

Conversely, if the price drops below the 1D MA200, it may indicate a bearish shift, prompting investors to consider selling at the 1D MA50 level, which stands at $2.200.