From Investing.com: 2025-03-12 02:31:00

Natural gas futures saw a big gap up on Monday, hitting a new high at $4.932 after testing support at 9 DMA. Bears are looking to break the support at 20 DMA at $4.111, with uncertainty surrounding weather conditions. Accuweather reports predict severe storms and blizzard conditions in the US.

This week’s EIA report on natural gas levels expected Thursday may fuel bearish behavior. Technical levels show support at 9 DMA at $4.306, with resistance at $4.461 and $4.551. Weekly chart shows bearish pressure with a bearish hammer pattern.

Bullish moves may face resistance at $4.552, while a break below 200 DMA at $3.925 could intensify selling pressure. Traders are advised to take positions at their own risk based on observations.



Read more at Investing.com: Natural Gas: The Way Bulls Leapt, Leaving Bears in the Dust