Natural Gas Price Forecast: Key Support Holds as Bulls Eye $3.41
By Bruce Powers | Updated: Oct 13, 2026
Current Market Overview
As of October 21, natural gas is trading at $2.813, reflecting a decline of 4.58%. The market is currently neutral with technical indicators showing 10 sell signals, 6 neutral, and 6 buy signals.
Technical Analysis
Natural gas prices have been consolidating around the 200-day moving average, which has held as a key support level for four consecutive days. The recent price action established a four-day low at $3.092 and a lower daily high at $3.204. This creates a near-term support zone around $3.10, reinforced by the 50% retracement level at $3.105.
Potential Breakout Levels
A breakout above the recent high of $3.204 could signal a resumption of the bullish trend, with targets set at $3.298 and potentially $3.41. Conversely, failure to maintain support could lead to further testing of lower levels.
Moving Averages and Momentum
The rising 20-day moving average near $3.05 is crucial for defining dynamic support. If this average crosses above the 200-day moving average, it would indicate improving short-term momentum for natural gas prices.
Weekly Chart Insights
The weekly chart indicates a bullish continuation signal, with last week’s close above the previous week’s high of $3.18 confirming a higher weekly low and high. This suggests that the bullish trend remains intact, with potential resistance levels identified at $3.317 and $3.396, forming a resistance zone that could challenge buyers if prices break above $3.298.
Conclusion
For the bullish outlook to remain valid, natural gas must hold above the $3.10 support level and break above $3.204. The next significant resistance zone lies between $3.396 and $3.41, which could pose a challenge for buyers if reached.