Natural gas has broken decisively above a months-long descending trendline, with prices pushing through both the 50 EMA ($3.974) and 200 EMA ($3.937). The breakout is supported by a bullish ABCD harmonic pattern completing near $3.755, marking a strong inflection point.

Price is now trading comfortably above $4.00, with momentum accelerating toward the next key resistance at $4.228, followed by $4.416. This move confirms the end of the recent consolidation phase and suggests a shift in sentiment.

A sustained hold above $4.00 strengthens the bullish case, particularly with both EMAs now trending upward. Should prices dip, immediate support rests at $3.938, then $3.755—the breakout level and harmonic support.

With volume increasing on the breakout and structure aligning, bulls appear to have regained control. Natural gas breaks out above trendline and key EMAs. Bullish above $4.00, targeting $4.228 and $4.416. Pullbacks may attract buyers near $3.938.

WTI Oil Price Forecast