Natural Gas trades at $3.175 on the 5-hour chart, between support at $3.10 and resistance near $3.18. The source says a breakout from this range could set the tone for the week, in either direction.
Natural Gas is trading at $3.175 on the 5-hour chart, pinned between major support at $3.10 and heavy resistance near $3.18. The next move could set the tone for the week: either a bullish recovery or a deeper pullback if support cracks.
Price consolidates inside the Ichimoku cloud
Natural Gas posted a high of $3.175 on the forming 5-hour candle, locked between resistance at the SMA 20 ($3.18) and supports around $3.09–$3.11 from the SMA 50 and SuperTrend. Price is consolidating inside the Ichimoku cloud, a pattern that typically precedes a strong directional move.
Bulls still hold the macro trend, with SuperTrend at $3.104, but momentum is waning. The MACD shows short-term bearishness. Price failed to beat the lower high at $3.298. Bears control the short-term structure, yet they have not broken the $3.10–$3.11 defense zone.
Key zones and trade levels
The source marks $3.11–$3.18 as a no-trade zone, where low conviction and a high risk of whipsaws apply. It flags $3.09–$3.11 as a long opportunity and $3.25–$3.28 as a short setup if price revisits it.
For an aggressive long, the source lists an entry at $3.110, a stop at $3.020 and targets of $3.245, $3.317 and $3.508. A conservative long enters at $3.185 on a close above the SMA 20. The source rates confidence as medium because price action is indecisive, with a Doji on Oct 12 and declining volume.
Risks if support breaks
A breakdown at $3.09–$3.11 opens room for a pullback to $3.05 or even lower. ATR of 1.72% shows decent volatility, so chasing trades inside the range is hazardous. The fake-out rate is high, and the source advises waiting for a candle close and volume to confirm direction.
Source: Investing.com
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