NATURAL GAS rebounding on a 1.5-year Support! Bullish.

Natural Gas (NG1!) is having a strong green 1W candle, coming off a 2-month decline. It is highly likely that this correction has come to an end as the price hit this hit (and thus rebounding on) the Higher Lows trend-line that started all the way back since the February 20 2024 market bottom.

Technically the whole pattern from that day until now looks similar to the June 22 2020 - March 15 2021 sequence, which initiated a stronger 3rd Bullish Leg all the way to the Symmetrical Resistance Zone.

A potential 1W Golden Cross would confirm this upward break-out, just like it did on June 14 2021.

If that takes place, our long-term Target would be 6.400 (Symmetrical Resistance Zone).

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