NATGAS chart overview

The natural gas price growth stopped yesterday at the $5.80 level. During the Asian trading session, the price retreated to the $5.60 level. For now, the price manages to stay at that level, while based on today's picture, we could expect a further pullback to better support. In that case, we need a continuation of the negative consolidation. Potential lower targets are the $5.40 and $5.20 levels. For a bullish option, we need a new positive consolidation and price return to the $5.80 level. After that, we need to stay there and try to break above. With a new bullish impulse, the price of gas could continue its recovery. Potential higher targets are the $6.00 and $6.20 levels.