Natural Gas Price Forecast: Trendline Recovery Supports Bullish Bounce
Author: Bruce Powers
Published: March 12, 2026
Overview
The article discusses the recent performance of natural gas prices, highlighting a significant recovery following a trendline breakout. The analysis indicates cautious bullish momentum, with potential resistance levels identified for traders to watch.
Key Points
- Price Movement: Natural gas prices rose to $3.29, surpassing the previous day's high of $3.23, indicating a bullish breakout.
- Trendline Analysis: A long-term rising trendline has been a critical indicator of market strength. A previous break below this line in mid-February signaled a bearish trend, but recent price action suggests a recovery.
- Resistance Levels: The article identifies key resistance levels at $3.49 (Monday's high), $3.52 (50-day moving average), and $3.56 (200-day moving average), with a potential resistance zone extending to $3.66.
- Momentum and Pullbacks: Following a breakout from a falling wedge pattern, momentum was initially weak but saw a spike to $3.49. However, selling pressure quickly emerged, leading to a pullback that found support near the 10-day and 20-day moving averages.
- Weekly Confirmation: The weekly chart shows a pattern of higher highs and higher lows. A confirmation of the bullish trend will occur if the week closes above the previous week's high of $3.28.
Conclusion
The analysis suggests that the recovery from the February low of $2.76 may continue, with traders advised to monitor the identified resistance levels closely. The article emphasizes the importance of both daily and weekly chart perspectives for a comprehensive trading outlook.
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.