Natural Gas Price Forecast: Higher Lows Signal Trend Strength

Author: Bruce Powers

Published: June 04, 2026

Overview

The article discusses the recent bullish momentum in the natural gas market, highlighting a rebound above key moving averages and the formation of higher lows, which indicate a strengthening trend. The price of natural gas reached a high of $3.38, following a successful test of support near the 100-day moving average.

Key Points

• Momentum and Support: Natural gas has established a higher swing low at $3.10, which now serves as a critical support level. The market is currently showing strength, with expectations of closing in the top third of the day's range.
• Resistance Levels: The 200-day moving average at $3.42 was tested, leading to a pullback. However, the confirmation of support at the 100-day average suggests that the uptrend may continue.
• Wedge Structure: The article identifies potential targets above the 200-day average, including a falling wedge pattern that could lead to further price increases if broken decisively.
• Weekly Close Implications: A close above $3.39 by the end of the week would reinforce the bullish outlook and align with the broader trend of higher lows.

Conclusion

The analysis indicates that natural gas is in a bullish phase, with key support levels holding and potential for further gains. The market's ability to close above significant resistance levels will be crucial in determining the continuation of this trend.

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.