Natural Gas on the Move! Is the Next Big Breakout Coming?
📈 Bullish Analysis: Natural Gas (Spot)
1️⃣ Uptrend Support Holding Firm:
The price is respecting the uptrend support line, which has acted as a strong foundation for bullish momentum. Multiple bounces off this level signal that buyers are stepping in to defend the trend.
2️⃣ Supply Zone in Focus:
The supply zone between 4.4 and 4.48 represents a key resistance area. A break and close above this zone would confirm the continuation of the bullish trend.
3️⃣ RSI Rebound:
The RSI is bouncing off oversold levels and turning upward, indicating renewed bullish momentum. This aligns with the trendline support, suggesting the potential for further upside.
4️⃣ Key Insights:
Natural Gas has formed a clean technical setup, with the trendline support, supply zone, and RSI alignment all pointing toward a bullish reversal.
If the price holds above 3.88 and momentum continues, buyers could push toward the supply zone targets.
🎯 Strategy:
Entry: Current levels near 3.88–3.92.
TP1: 4.00 (First Resistance)
TP2: 4.18 (Midpoint).
TP3: 4.40 (Beginning of Supply Zone).
1️⃣ Uptrend Support Holding Firm:
The price is respecting the uptrend support line, which has acted as a strong foundation for bullish momentum. Multiple bounces off this level signal that buyers are stepping in to defend the trend.
2️⃣ Supply Zone in Focus:
The supply zone between 4.4 and 4.48 represents a key resistance area. A break and close above this zone would confirm the continuation of the bullish trend.
3️⃣ RSI Rebound:
The RSI is bouncing off oversold levels and turning upward, indicating renewed bullish momentum. This aligns with the trendline support, suggesting the potential for further upside.
4️⃣ Key Insights:
Natural Gas has formed a clean technical setup, with the trendline support, supply zone, and RSI alignment all pointing toward a bullish reversal.
If the price holds above 3.88 and momentum continues, buyers could push toward the supply zone targets.
🎯 Strategy:
Entry: Current levels near 3.88–3.92.
TP1: 4.00 (First Resistance)
TP2: 4.18 (Midpoint).
TP3: 4.40 (Beginning of Supply Zone).
Trade attivo
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Seizing Opportunities, Maximizing Returns. With 7+ years of experience, we provide accurate insights and trading signals.
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.