Key Moving Averages Set the Upside PathIf an advance follows consolidation, the two key upside targets are defined by the falling 20-day moving average at $3.04 and the 50-day moving average near $3.13.
The 50-day moving average carries added weight since it was confirmed as dynamic support several times during the recent advance.
That makes it the higher upside target if a bullish reversal triggers above $2.93 and it is followed by further strength rather than immediate signs of resistance.
Alternatively, the current correction could complete with further consolidation near the current support zone.
Therefore, the key question is whether the $2.80-$2.82 support zone can continue to hold and trigger a rally, or whether a break below it will open the door toward the $2.74 target.
Key Moving Averages Set the Upside Path
If an advance follows consolidation, the two key upside targets are defined by the falling 20-day moving average at $3.04 and the 50-day moving average near $3.13. The 50-day moving average carries added weight since it was confirmed as dynamic support several times during the recent advance. That makes it the higher upside target if a bullish reversal triggers above $2.93 and it is followed by further strength rather than immediate signs of resistance. On the downside, the next lower target is defined by the 88.6% Fibonacci retracement at $2.74, which is reinforced by a swing low of $2.74 from August 2025.
The $2.80–$2.82 Decision Zone
Since natural gas is respecting the support zone and has only one leg down since a breakdown from the prior advance, a counter-trend rally remains possible before a continuation of the downtrend. Alternatively, the current correction could complete with further consolidation near the current support zone. Therefore, the key question is whether the $2.80-$2.82 support zone can continue to hold and trigger a rally, or whether a break below it will open the door toward the $2.74 target.
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