Natural Gas Support and Resistance Levels: What Traders Need to Know

The recent 92% advance in natural gas has created a significant technical setup that traders must carefully assess. Understanding the key support and resistance levels will be essential for positioning in the coming sessions. Natural gas has bounced from around the 200-Day moving average at 2.46 following a pullback low of 2.475, signaling that both short-term and long-term support structures are under scrutiny. The relationship between natural gas support and resistance frameworks at this critical juncture deserves closer examination.

Technical Resistance Zones on the Bounce

As natural gas rallies from its recent lows, traders should be monitoring specific resistance areas that could cap the upside. A price zone between 2.61 and 2.63 represents important resistance that aligns with support levels tested on multiple recent days. Friday’s low of 2.63 provides the upper boundary of this zone. The path for natural gas becomes clearer if it manages to close above Friday’s high of 2.71, which could open the door to a test of recent peaks. However, without such a breakout, the expectation is for the bounce to encounter resistance, followed by either a deeper pullback or a retest of longer-term support levels.

The Significance of Support Convergence

Last week’s completion of a bearish shooting star candlestick pattern carries particular weight given that it coincided with the 50-Week moving average currently positioned at 2.50. This convergence is noteworthy: the 200-Day line on the daily chart now represents the same level as the 50-Week MA. Such alignment of multiple time-frame moving averages creates a zone of heightened significance. If natural gas breaks decisively below 2.475—where this week’s low was established—the failure of dual long-term moving averages to hold support would confirm a breakdown, materially increasing the probability of testing substantially lower price levels.

Critical Natural Gas Support Below the 200-Day Line

For traders tracking shorter-term trend dynamics, the 20-Day moving average at 2.73 remains an untested support level since the price gapped above it on April 26. This line has not yet served as support despite its importance as a key trend indicator, and its role is particularly significant because the moving average is rising, meaning the exact support level shifts as time progresses. The real question becomes: how far can natural gas decline if it breaks through the 200-Day line?

Below the 200-Day MA, a prior interim swing low exists near 2.31. More significantly, the 50% retracement level at 2.25 converges with a substantial swing low of 2.235 established in December 2023. These overlapping support zones create a potential floor for downside moves, though reaching such levels would represent a sharp reversal from current prices.

Key Levels to Monitor Going Forward

The technical landscape for natural gas support and resistance is multilayered and demands attention to multiple price zones simultaneously. Immediate resistance lies in the 2.61–2.63 range, while the 2.71 level represents a breakout threshold. On the downside, the 2.46–2.50 support zone (where the 200-Day and 50-Week MAs converge) serves as the critical first line of defense. A break below 2.475 would signal weakness in this foundational support, potentially leading toward the 2.31–2.25 zone or the December 2023 low of 2.235. Traders managing natural gas positions should use these technical levels to frame their risk management and determine actionable entry and exit points.