Natural Gas Forecast: 200-Day Breakout Targets $3.25

$3.25 Becomes Next Major Target

If a rally above $3.15 confirms with a daily close above it, a bullish trend continuation signal will be triggered. Of course, that would further confirm the reclaim of the 200-day moving average, adding to potential demand. If $3.15 is exceeded, then the lower swing high of $3.25 becomes the next upside target. Notably, that price zone was where sellers regained control in early July, leading to a breakdown from consolidation and drop below trend support at the 50-day moving average. This would suggest that since price is now heading toward that zone with potentially little resistance in between, it has a good chance of being reached, at a minimum.