Natural Gas – Rejection From Supply Zone, Possible Move Lower

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Natural Gas – Rejection From Supply Zone, Possible Move LowerNatural GasICMARKETS:XNGUSDKorvinSwingNatural Gas recently pushed into a key supply area around 3.20–3.27, where price has previously shown strong selling pressure. After the impulsive move up from the March lows, the market is now starting to lose momentum inside this resistance zone. As long as price remains below the 3.27 resistance, the structure favors a bearish continuation. Entry 3.126 Stop Loss 3.27 TP 2.909