Natural Gas Forecast: $3.03 Breakout Targets $3.20–$3.40
Author: Bruce Powers
Published: September 7, 2026
Overview
The article discusses the current state and future outlook of natural gas prices, highlighting a recent bullish trend. Natural gas has shown resilience, maintaining support above $2.89, with a significant breakout level identified at $3.03. A decisive move above this level could lead to a target range between $3.20 and $3.40.
Current Market Conditions
Natural gas prices have recently advanced, reaching a daily high of $3.00, which is a critical resistance zone. The price has remained above the 50-day moving average, indicating improving demand. The article notes that this is the fourth consecutive day that prices have held above this moving average, reinforcing a bullish reversal structure.
Key Resistance and Support Levels
The article identifies key support at $2.89 and resistance at $3.03. The recent price action suggests that natural gas may be in the early stages of a larger upward movement. A break above $3.03 would signal a potential advance towards the 200-day moving average, which is currently acting as resistance.
Potential Price Targets
Two significant targets are highlighted: the 200-day moving average near $3.28 and the 78.6% Fibonacci retracement level at $3.20. The article suggests that if the price reaches these levels, it could test the resistance zone defined by previous price action. The timing of these movements is crucial, as the 200-day moving average may reach the Fibonacci level before the price does, increasing the likelihood of resistance at that point.
Conclusion
The article concludes that the recent strength above $3.00 could be an early indication of a broader test of resistance levels, provided that natural gas maintains its support structure. Traders are advised to monitor these levels closely as they could dictate future price movements.
About the Author
Bruce Powers is a seasoned financial analyst with over 20 years of experience in the markets. He holds an MBA and is a CMT® charter holder, having worked in various roles including head of trading strategy at hedge funds.