Natural Gas Breaks Resistance and Soars, Defying Previous Year's Performance
Natural gas surged to new trend highs, breaking above the prior swing high of 3.02 and confirming a trendline breakout. The price is currently testing the 200-Day EMA resistance, which has not been breached since last December. The completion of a Fibonacci extension level at 3.18 adds to the potential resistance. If the price continues to rise decisively, it could signal a bullish continuation with higher targets at 3.28 and 3.38.