$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.
