Natural Gas Conditional Long Setup: Pullback Support Near 2.97
Natural gas remains supported by warm September weather and power-sector demand, but high inventories still limit upside. The EIA expects U.S. gas storage to enter winter above the five-year average, which keeps the market cautious.
Natural Gas rejected from the main resistance at 3.0745 and pulled back toward 2.99. Price is still holding above SMA 50 near 2.97 and EMA 200 near 2.92, so the 4H recovery structure remains valid as long as support holds.
However, price is still below EMA 9 near 3.011, which makes this a support-hold setup rather than a confirmed bullish continuation.
Direction: Long only on confirmed support hold
🔺 Entry zone: 2.970–2.990
🎯 First reaction level: 3.011
🎯 Take Profit 2: 3.0745
⚠️ Conclusion:
The long setup is valid only if price holds above 2.970 and reclaims 3.011. A 4H close below 2.940 would invalidate the setup and expose 2.840.
⚠️ Not financial advice.
Natural Gas rejected from the main resistance at 3.0745 and pulled back toward 2.99. Price is still holding above SMA 50 near 2.97 and EMA 200 near 2.92, so the 4H recovery structure remains valid as long as support holds.
However, price is still below EMA 9 near 3.011, which makes this a support-hold setup rather than a confirmed bullish continuation.
Direction: Long only on confirmed support hold
🔺 Entry zone: 2.970–2.990
🎯 First reaction level: 3.011
🎯 Take Profit 2: 3.0745
⚠️ Conclusion:
The long setup is valid only if price holds above 2.970 and reclaims 3.011. A 4H close below 2.940 would invalidate the setup and expose 2.840.
⚠️ Not financial advice.
Zlecenie aktywne
Update: Natural Gas Is Testing the Entry ZoneNatural Gas has pulled back into the 2.970–2.990 entry zone, but the long setup is not confirmed yet.
Momentum has weakened: RSI is near 37, while the MACD histogram has turned slightly negative. Buyers now need to defend 2.970 and reclaim the 3.011 first reaction level to activate the recovery scenario.
A confirmed 4H close below 2.940 would invalidate the setup and expose deeper support near 2.840.
⚠️ Not financial advice.
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Join me as I explore the market with ElibriMarkets — AI-agent analytics, transparent data, and clear limits. No predictions. No hype.
elibrimarkets.com
Telegram Channel:
t.me/elibrianalytics
elibrimarkets.com
Telegram Channel:
t.me/elibrianalytics
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.