Natural gas hit targets at 6.00 to 6.77

We highlighted that natural gas futures could be the next big breakout in Straight from the Chart on September 30, 2025.

Natural Gas futures have been a wild ride since breaking out from a bullish wedge on the move above 3.35 in October 2025. This pattern suggested more upside to 4.76-4.89 (38.2% retracement of the August 2022-February 2024 decline and March 2025 wedge peak), which natural gas tested in November and December, and then to 5.76-6.00 (50% retracement and measured move), which natural gas has tested in early 2026. In addition, natural gas futures overshot the 6.00 area to test the 61.8% retracement of the mid 2022 into early 2024 decline at 6.77.

Chart 1: Natural gas futures: Monthly chart