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Natural gas rebounds toward 2.800 after holding 2.635 support
Analysis points to the 2.635 level as a major long-term support, reinforced by indicators, with a next upside target at 2.800.
Natural gas has bounced after previously reversing from a major long-term support level at 2.635, a level that has been active since the start of 2026, according to Action Forex.
The outlet said the area near 2.635 was strengthened by the lower daily Bollinger Band, and that oversold conditions from the daily Stochastic supported the expectation of further upside.
Action Forex expects natural gas to rise to the next resistance level at 2.800, described as the top of the previous correction ii.
The analysis frames the move as a continuation from the support rebound toward the next chart resistance level rather than a broader fundamental update.
Latest closeNat gas $2.620 ▼2.5%