Natural Gas (NGZ2025) is trading near $4.39, consolidating after testing the upper boundary of a rising wedge formation. The pattern shows slowing momentum as price approaches resistance at $4.42–$4.45, where prior rallies have stalled.
On the 4-hour chart, the 20-EMA is holding above the 50-EMA, suggesting short-term bullish structure, though overextension may invite a pullback.
The RSI near 63 indicates mildly overbought conditions, hinting that buyers might soon take profits. Immediate support lies around $4.20, followed by $4.03 near the 50-EMA. A confirmed breakout above $4.45 could open the way toward $4.64 and $4.86, while a breakdown below $4.19 would expose $4.03.
