Natural Gas Forecast: Price Targets Set at 3.08 and 3.29 USD
Muhammad Faraz 
Natural Gas Forecast Price Targets Set at 3.08 and 3.29 USD
Natural Gas has been under pressure in recent weeks, but the latest price action signals a potential bullish recovery. After consolidating within a range and holding a strong support base, the market is showing signs of accumulation. If this momentum continues, Natural Gas could rise toward the targets of 3.08 USD and 3.29 USD. In this article, we break down the key technical signals, support and resistance zones, and trading outlook for the commodity.
Market Overview
Currently trading around 2.95 USD, Natural Gas has found stability after testing a strong support zone near 2.80 USD. This level has acted as a crucial base, preventing deeper declines. Buyers have stepped in multiple times, suggesting accumulation and growing confidence in a potential upside move.
Price action has also shown a breakout from a descending wedge pattern, which typically signals the end of a correction phase and the start of a recovery trend.
Consolidation and Support Zone
Earlier in August, Natural Gas traded within a consolidation range, moving sideways without clear direction. This consolidation created a strong support base around 2.80 USD, highlighted in the chart as the “Strong Support Zone.”
This area has been tested multiple times, and each rejection from this zone strengthens its importance. As long as prices remain above this base, bullish scenarios remain valid.
Upside Price Targets
- First Target: 3.08 USD
- The first upside target sits around 3.08 USD, which corresponds to a key resistance zone previously tested in early August.
- A successful break above this level could open the door for a stronger rally.
- Second Target: 3.29 USD
- If momentum builds further, Natural Gas could climb toward 3.29 USD, another significant resistance area highlighted on the chart.
- This level will be critical for determining whether the market can extend its bullish trend or face another consolidation phase.
Trading Considerations
Traders should closely monitor how Natural Gas reacts around the 3.08 USD level. A breakout with strong volume would strengthen the bullish case, while rejection could signal a temporary pullback.
Stop-loss placements below 2.80 USD are recommended for risk management, as a breakdown below this zone would invalidate the bullish scenario and potentially trigger deeper declines.
Conclusion
Natural Gas is showing early signs of recovery after consolidating and holding strong support. Our analysis points to potential upside targets at 3.08 USD and 3.29 USD in the short term. As long as prices remain above the 2.80 USD support zone, the outlook favors a bullish continuation.
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