Natural Gas, Technical Analysis – H1

The formation of an expanding “megaphone” (broadening wedge) pattern is being confirmed. This suggests a possible update of the local high in the 2,950–2,960 area. However, such a formation does not guarantee a direct move toward the target and is not considered a reliable or high-quality trading pattern. Nevertheless, the current picture looks logically consistent.

Key Levels:

□ 2,960 — Local high / Upside target

□ 2,950 — Resistance zone

□ 2,880 — Range upper boundary

□ 2,830 — Range lower boundary

Primary Scenario:

Advance toward 2,960.

Alternative Scenario:

Sideways price fluctuations within the 2,830–2,880 range.

Analyst Commentary:

An additional catalyst for price growth is the objective factor of renewed escalation in the Middle East.