Natural Gas Price Forecast Summary
Author: Bruce Powers
Published: April 22, 2026
Overview
The article discusses the current state of natural gas prices, highlighting a recent test of resistance levels and the implications for future price movements. Natural gas has recently shown volatility, with prices testing key moving averages and encountering resistance that may limit upside potential.
Key Points
- Resistance Testing: Natural gas prices reached a 10-day high of $2.91 but faced resistance near the 20-day moving average. A pullback occurred, confirming this resistance level.
- Support Levels: The 10-day moving average has been confirmed as a support level, indicating that prices have remained above it for the first time since March 30.
- Potential Bounce: There are minor signs of strength that could lead to a bounce towards the 50-day moving average, currently at $2.97, which is converging with a downtrend line.
- Long-Term Trends: The article notes that while a bounce may occur, the overall trend remains bearish unless there is a decisive breakout above the 50-day moving average and a bullish reversal above $3.00.
- Volatility Compression: The article highlights that volatility in natural gas prices is compressing, with two trendlines converging around May 13, suggesting a potential directional move is imminent.
- Downside Risks: A breakdown below the recent higher swing low at $2.72 could signal renewed downside pressure, potentially leading prices towards the January swing low of $2.58.
Conclusion
The article emphasizes the importance of monitoring key resistance and support levels in the natural gas market. While there may be opportunities for short-term gains through potential bounces, the prevailing bearish trend suggests caution for traders. A sustained recovery above $3.00 would be necessary for a shift in market sentiment.
About the Author
Bruce Powers is a seasoned finance professional with over 20 years of experience in financial markets. He holds an MBA and is a CMT® charter holder, having worked as head of trading strategy at hedge funds and as a corporate advisor for trading firms.