Natural gas is trading near $4.10, attempting to stabilise after a sharp sell-off earlier this month. On the 4-hour chart, price has rebounded from the $3.85–$3.90 support zone, where multiple candles printed long lower wicks, signaling demand absorption rather than panic selling. The broader structure remains corrective, but short-term momentum is improving.
Price is still capped by a descending trendline and the 50-EMA near $4.20, which aligns with a prior breakdown level and now acts as resistance. The 100-EMA around $4.38 remains a higher barrier, reinforcing the broader bearish bias. Candlestick behaviour shows higher lows forming, suggesting an early basing attempt. RSI has climbed toward 50, reflecting recovering momentum but not yet confirming trend reversal.
Key resistance sits at $4.20, followed by $4.38, while support holds at $3.85 and $3.64. Trade idea to buy on a clean break above $4.20, targeting $4.38, with a stop below $3.85.
