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Natural Gas (NG)
The decline in natural gas prices stopped yesterday at the indicator lines of the Balance and MACD lines on the daily scale. The lower shadow pierced the support level at 3.086. The Marlin oscillator has dipped into negative territory but not deeply, likely preparing to move sideways along the zero neutral line, as it did from September 23 to 26.
If the sideways oscillator movement drags on, the price may remain in the 3.086–3.333 range for an extended period (up to three weeks). Possible price movement paths are sketched on the chart. For now, the main trend is assumed to be upward—both in the short term toward the 3.333 level and after the consolidation phase. However, if the price settles below the MACD line, which coincides with yesterday's low at 3.028, the market will aim for 2.847, and potentially 2.643 afterward.
Given the nearby support level, it's advisable to wait for today's candle to close. If it closes white (bullish), then the mentioned scenario should be taken as the base case.
On the four-hour scale, the situation is turning distinctly neutral. The MACD line is flattening out horizontally, sitting precisely at the 3.333 level. The price has hovered around 3.086 for the past nine candles. The Marlin oscillator is currently rising but is unlikely to cross into positive territory in the near term. We await further developments.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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