Natural Gas Futures are trading around $3.12 after bouncing from the key $3.06 support zone. The RSI sits near 30, suggesting the market is oversold and may see a short-term rebound. Both the 50-day EMA ($3.29) and 200-day EMA ($3.31) are acting as overhead resistance, reinforcing the bearish bias until price breaks above $3.20.
If momentum strengthens, the following upside targets are $3.30 and $3.39, while failure to hold $3.06 could push prices toward $2.98. The recent bounce shows early signs of stabilization, but confirmation will depend on whether bulls can reclaim the $3.20 zone with rising volume. For now, Natural Gas remains range-bound within a fragile recovery setup.
