Natural Gas Bounces Off $2.95 Support
Price Action
Natural gas bounced off $2.95 — a key support level that aligns with the Elliott Wave 4 correction target. RSI at 36.85 is in oversold territory.
DeMark Signal
Buy setup count is at 4, building toward a potential TD9 exhaustion signal. If the count completes, this could mark a tradeable low.
EIA Context
Latest storage draw of -144 Bcf was hefty, bringing total storage to 2,070 Bcf. EU gas tensions from Middle East LNG risks adding a premium.
Watch: $2.95 support is critical. Break below targets $2.50 zone. Upside resistance at 9-EMA $3.20.
This is research and commentary, not trading advice.
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