NGAS 1D - bulls waiting for the green light

On the daily chart, Natural Gas has broken out of a falling wedge, but price remains below the MA200, while EMA still hovers above it - a mixed signal showing short-term hesitation within a longer-term downtrend.

The 3.10–3.20 buy zone remains key - that’s where the retest area aligns with short-term support. If buyers can reclaim the EMA and push above the MA200, the next upside targets are 4.14 and then 4.92.

Volume on the breakout supports growing bullish interest, while fundamentals - like rising seasonal demand - may soon add more fuel to the move.

Tactically, watch how price behaves near MA200. Once EMA flips back on top, momentum could accelerate fast. Until then, the market’s like a gas burner waiting for that click - ignition pending