Natural Gas Price Breakout Faces $2.93 Resistance Test

Support Zone Takes Shape

Given the new bullish reversal signal it looks like natural gas is confirming a support zone near recent lows, beginning with the August low of $2.67 and extending lower to the January low of $2.58. If Wednesday’s bullish signal is followed by further signs of strength, the top of a larger range that has covered much of 2026 beginning in March, may eventually be tested as resistance. The 200-day average also represents dynamic resistance near the top of the range, especially since it was confirmed as resistance with the high during the previous advance. A sustained move above that average would therefore represent a more meaningful shift in the developing trend.

$2.84 Sets Short-Term Risk

Near-term support is Wednesday’s higher daily low of $2.84, as a drop below it would show weakness and could send natural gas back into the symmetrical triangle formation. For now, the $2.89 breakout level and $2.84 low provide the clearest short-term levels to watch. Despite the

potential for higher prices, resistance near the 50-day moving average remains a potential roadblock. How price responds around that average should help determine whether Wednesday’s reversal develops into a sustained advance or remains another failed attempt to break higher.