Technical outlook
Natural gas 4hr chart has formed “Falling wedge” pattern. Over the last few sessions, we have seen some rapid movements, where the last one had traded sideways and closed in slight green after retesting near the channel’s support line. The market is expected to continue on the bullish momentum based on the price action, once break above a key resistance holding near 400. The upside rally could be testing all the way through 405-410 levels in the upcoming sessions. Alternatively, if the market struggles to break the resistance level, then it might retest the same and turn bearish/sideways once again. Key support holds at 385.