-
Natural Gas Price Analysis for February 5, 2025
Natural gas could be in for a long-term reversal of its earlier uptrend, as price is forming a head and shoulders pattern on its hourly chart. Price has yet to test the neckline support and break lower to confirm a downtrend. The 100 SMA is above the 200 SMA for now to indicate that the path of least resistance is to the upside or that support is more likely to hold than to break. However, natural gas has closed below both moving averages, and the gap between the indicators is narrowing to reflect slowing bullish momentum. A break below the support around $3.400 could confirm that a downtrend is in the works, ... (full story)