NATGAS chart overview

The price of natural gas has been stable for two days and is in the range of $5.40-$5.60. We currently have support in the MA20 and MA50 moving averages, and now we need a break above $5.60 to try to continue the price recovery. Potential higher targets are $5.80 and $6.00 levels. We need a negative consolidation and a retest of the $5.40 level support for a bearish option. A price break below would increase the bearish pressure, and we could expect the price to continue falling. Potential lower targets are $5.20 and $5.00 levels.