Natural gas consolidates below $3.40 resistance after a 20% rally in 10 sessions
Natural gas is trading with a slight bearish bias near recent highs, with a daily high of $3.37 and a low of $3.21, after a rally of nearly 20% in 10 sessions to $3.40 on Wednesday. Sellers hold short-term control, though the bearish case is contained as long as prices stay above $3.18, a level that coincides with the 38.2% Fibonacci retracement.
In 35 seconds
- Natural gas is consolidating in a $3.18 to $3.40 range after a rally of nearly 20% in 10 sessions.
- Friday's low was $3.21 and the high $3.37, with sellers in temporary control.
- A drop below $3.18 would open support at the ascending trendline or the 50% retracement at $3.11.
IASummary generated by artificial intelligence from a story by FXEmpire. It may contain errors: the original source prevails.




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