Natural Gas Trades Flat Near $3.00 as Hourly Resistance Holds

U.S. natural gas futures for the July contract have settled around $2.95 to $3.00 per MMBtu, with the hourly chart showing a clear resistance zone near the $3.00 mark. Traders have been cautious, as the price has struggled to break above this level despite recent upward momentum. The resistance area is being watched closely by market participants looking for a breakout that could signal a new rally or a continuation of the current consolidation. Analysts note that any sustained move above $3.00 would likely trigger a series of higher highs on the hourly time frame, while a pullback below $2.90 could signal a potential reversal or a shift back to the lower range. As of the latest trading session, the market remains indecisive, with volume remaining modest and volatility staying within a narrow band.