Natural Gas, Technical Analysis – H4

The asset is in the final stage of its downtrend as the market approaches a major support zone around 2,750. A breakout below this level by the bears looks unlikely amid probable seller exhaustion and ongoing Middle East developments. The final bearish wave is expected after a corrective retracement toward 2,950.
Key Levels:
□ 2,950 (key resistance / retracement target)
□ 2,750 (major support zone)
📊 Primary Scenario:
Retracement to 2,950, followed by a decline to 2,750.
Alternative Scenario:
Direct decline to 2,750 from current levels, followed by a sharp upward reversal.
Analyst Commentary:
Long positions remain unsafe until the market successfully tests the 2,700-2,750 support area.