Natural Gas Price Forecast Summary

Published on April 17, 2026, by Bruce Powers, this article discusses the recent movements in the natural gas market, highlighting both short-term gains and the overarching bearish trend that continues to dominate the market.

Short-Term Strength

Natural gas prices have shown a rebound, reaching a four-day high of $2.71. This increase is attributed to a successful test of resistance at the 10-day moving average, marking the second consecutive day of higher highs and higher lows. The article suggests that this trend may indicate improving short-term demand, potentially leading to a reclaim of the 10-day moving average.

Resistance Levels

Despite the recent gains, the article warns that any rise above the 10-day average will face significant resistance at the 20-day moving average, currently at $2.81. A bullish reversal signal could occur if prices rally above the interim lower swing high at $2.72. However, this would not substantially alter the broader bearish outlook, as the 50-day moving average, currently at $2.98, remains a higher target for buyers.

Dominant Downtrend

The article emphasizes that the dominant downtrend is still in control, with several bearish reversal signals observed since February 17. Resistance is expected to emerge as the long-term uptrend has already shown signs of weakness. The 200-day moving average is approaching the trendline, which could serve as a significant resistance area if tested.

Potential Price Magnet

There is a possibility that prices could be drawn higher to test the confluence zone created by the trendline and the 200-day average before experiencing another downward move. This zone may act as a magnet for prices, increasing the likelihood of a bearish reversal if approached. The article notes that the 200-day average has been tested previously, suggesting that a lower swing high near the uptrend line may develop, reinforcing the resistance area.

Conclusion

In summary, while natural gas prices have shown short-term strength, the broader bearish trend remains intact. Traders should be cautious of resistance levels and the potential for a reversal as prices approach significant moving averages.