Natural Gas and Oil Forecast: NG Slips 0.80%; Time for Bullish Bounce?

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Natural Gas (NG) is currently priced at $2.44, down 0.81%. The 4-hour chart reveals key price levels with the pivot point at $2.48. Immediate resistance stands at $2.53, followed by $2.59 and $2.64. Support levels are identified at $2.42, $2.36, and $2.32.

Technical indicators show the 50 EMA at $2.56 and the 200 EMA at $2.71, indicating a bearish trend. NG remains bearish below $2.48. A break above this level could shift the bias to bullish while remaining below it suggests continued downside pressure.

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