Natural gas daily chart shows consolidation holding key support
$3.11 Support Remains Critical to Bullish Outlook
This short-term bullish behavior may or may not lead to further gains, but the recovery and subsequent hold above a key long-term dynamic support line keep the door open to further upside. The moving average was recently reclaimed for a second time, strengthening its significance as a technical pivot. Further consolidation above the 200-day moving average, currently near $3.11, would preserve a bullish outlook. If this support fails, the rising 20-day moving average, now near $3.04, becomes the next key support test, alongside the earlier swing high of $3.026.