Commodities
Natural Gas Price Hits 294.5 Amid Strong Vertical Expansion
Natural Gas prices have been steadily increasing, reaching a current price of around 294.5. This level represents a strong vertical expansion from the 270 zone and is now testing immediate overhead resistance.
The Zero Line at 295.60 serves as a crucial threshold for the next phase of expansion, with acceptance above it being necessary for further growth.
From a technical analysis perspective, longs can activate above 288.40 sustained acceptance, with targets including 312.10 and 322.30 for extended expansion.
However, if price fails to reclaim the Zero Line decisively or weakens below 285.25, the bullish structure will be compromised, and shorts may be activated below 282.10.