Natural Gas Price Action at MKL $2.750: Breakout or Breakdown?

The EEX Natural Gas Day Futures contract (Aug 2026 D20) is currently trading at MKL $2.750, according to data from TradingView. TreyHighPwr, a seasoned analyst, believes that the price action on this chart is quite straightforward. On the 4Hr timeframe, buyers have developed from the Higher Time Frame Low Volume Node (HTF LVN), leading to a rally that broke through a descending trendline. The price initially pushed up into a Daily Supply zone in May but was subsequently pushed back down by sellers. This resulted in a textbook break and retest.

Now, with the price having entered the HTF Daily Supply Zone for the second time, TreyHighPwr asks whether buyers will support MKL $2.750 or if sellers will resist higher pricing and push the price lower. The analyst emphasizes the importance of managing risk and recommends a strict downside risk strategy to achieve asymmetric returns.