Natural Gas Price Forecast: Bulls Target $3.32 Resistance

Author: Bruce Powers

Updated: October 10, 2026

Market Overview

Natural gas prices have shown resilience, holding above key moving-average support levels. The market is currently witnessing bullish signals on both daily and weekly charts, indicating a potential test of resistance near $3.317.

Short-Term Analysis

Natural gas has maintained its position above a critical short-term support zone for three consecutive days, suggesting that buyers are in control. Following a recent high of $3.298, the market is facing a resistance zone that extends from this high to the September peak of $3.317. The support level was established at $3.106, which represents a 50% retracement of the preceding advance and coincides with the 200-day moving average.

Key Support and Resistance Levels

• Support: $3.11 (200-day moving average)
• Resistance: $3.317 (upper boundary of the rising trend channel)

Weekly Chart Insights

The weekly chart indicates a bullish outlook, with a continuation signal triggered when prices rose above last week’s high of $3.18. A weekly close above this level is necessary to confirm the bullish signal. Additionally, a higher low of $2.997 was established this week, marking a test of the 20-week moving average, which is the first full weekly range above this average since late June.

Future Outlook

For the bullish case to remain intact, natural gas prices need to sustain support above the 200-day moving average. A weekly close above $3.214 would further confirm the momentum, with the next resistance target being between $3.298 and $3.317. The reclaiming of the 200-week moving average this week adds to the bullish technical evidence, suggesting that natural gas may be gearing up for another attempt at breaking through the resistance levels.

Conclusion

Overall, the natural gas market is showing signs of strength, with key support levels holding firm and bullish signals emerging on both daily and weekly charts. Traders should monitor the resistance levels closely as the market approaches these critical points.