Natural gas prices (NG=F) are down nearly 40% year to date amid a glut in supply and a milder-than-expected winter. But analysts see an upside for the commodity going into the end of the year — in part due to growing AI electricity demand.

Once a daily close above 2.01 confirms the bullish breakout, natural gas should be ready to proceed towards higher target areas. The first upside target is close by at 2.07. If hit, it will complete an initial target for a rising ABCD pattern that is identifying price symmetry between the AB and CD legs of the advance.