Mixed economic indicators from China raise doubts about future consumption, as refinery output struggles amid weak fuel demand. Although some geopolitical risks have subsided, concerns about potential supply disruptions continue to create volatility in energy markets.

Natural Gas (NG) is currently trading at $2.70, up 0.45%, while continuing to encounter a downward trendline that is limiting further gains near $2.38. The 50-day EMA sits at $2.45, acting as an immediate resistance level. A breakout above this mark could push prices toward the next resistance levels of $2.50 and $2.55.

Conversely, support can be found at $2.31, followed by $2.27 and $2.23 below.

With the 200-day EMA at $2.58, the market seems poised for a potential reversal if bullish momentum continues. However, if prices dip below the pivot point of $2.39, a more bearish sentiment could dominate.