Natural Gas is approaching apex compression, holding above an ascending trendline while capped by a descending trendline from March highs. Price is testing the 50 EMA at $3.83 with a key horizontal level at $3.75 in focus. A break below could trigger downside to $3.43. On the flip side, a breakout above $4.00 could open a run toward $4.24. RSI at 37 supports ongoing consolidation with a bearish lean.
Summary:
⚠️ Neutral bias in play. Watch for breakout above $4.00 for long, or breakdown below $3.75 for short toward $3.43.
Summary:
⚠️ Neutral bias in play. Watch for breakout above $4.00 for long, or breakdown below $3.75 for short toward $3.43.
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