On evaluation of the movements of the natural gas futures on different time pattern charts, I anticipate that the reversal seen from the tested lows this week, bouncing moves have surged the bullish momentum as I explained in my last analysis Natural Gas Futures Test Key Support Amid Winter Demand on Feb. 2, 2026.
Undoubtedly, a surging expected large decline this week, compared to last week’s withdrawal of 242 Bcf, could cross the expected inventory levels of -379Bcf this week.
Amid surging expectations of declining inventory levels, natural gas futures, after opening at $3.346, and day’s low at $3.246, and day’s high at $3.545, are trading at $3.475, trying to hold above the immediate resistance at $3.457.
However, despite the continuation of bullish sentiments, the uptrend will get confirmation with a sustainable move above the next resistance at $3.614.
Technical Levels to Watch
In a daily chart, natural gas futures are trading below the significant support at the 200 EMA ($3.795), which could remain volatile as the current position of the 100 EMA and 50 EMA remain above the 200 EMA, while the 9 EMA has come below the 20 EMA, forming a bearish crossover in the daily chart.
In a 1-Hr. chart, natural gas futures are showing some weakness, being traded below the 200 EMA ($3.686) while the 9 EMA and 20 EMA are trying to come above the 50 EMA ($3.396), indicating a reversal as the futures are holding above the 50 EMA.
Undoubtedly, if the natural gas futures find a breakout above the significant resistance at the 100 EMA ($3.524) could push the futures above the significant resistance at the 200 EMA, where a sustainable move could trigger a buying spree.
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Disclaimer: Readers are advised to take any position in natural gas futures, as this is the most liquid commodity in the world, while this analysis is based only on observations.
