Natural Gas Prices Hold Bullish Structure Amid Selling Pressure

Natural gas prices held their bullish structure above key moving averages, defying Wednesday's selling pressure. The commodity rose to a six-day high of $2.98 on Wednesday and generated a slightly higher daily low of $2.88, but sellers regained control after the advance.

Despite this short-term bearish behavior, the developing uptrend structure remains intact, and it continues to be bullish. This is the third consecutive day that confirmed support above both the 20-day and 50-day moving averages, since they were reclaimed on Monday.

The recent higher swing low of $2.75 has reinforced the bullish trend, which is anticipated to continue unless there are clear signs of weakening or a failure to hold key support levels. The next major test for natural gas prices will be the resistance near $3.03.