After a steep downtrend, Natural Gas is showing early signs of a trend reversal. Price has formed a rounded base with volume pickup and a clean breakout attempt over intraday supply.
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Technical Rationale:
• Base Formation: Price consolidating in a tight range after exhaustion selling – classic accumulation zone.
• Resistance Flip: Immediate resistance at $3.77 being tested multiple times. Sustained break may trigger momentum buying.
• Volume Confirmation: Gradual increase in volume on green candles suggests demand is building up.
• Support Zone: Strong base formed between $3.69–3.71, acting as a cushion for longs.
• Momentum Setup: Bullish structure on 15-min forming higher lows – potential to scale into swing long.
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Trade Plan:
• Buy Above: $3.775 (on candle close above zone)
• Stop Loss: $3.695 (below support zone)
• Target 1: $3.88 (gap-fill + previous support)
• Target 2: $3.97 (supply zone)
• Risk-Reward: ~1:2.5 — favourable setup for positional long
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Why Now?
After panic unwinding, smart money often steps in quietly. This pattern fits the Wyckoff Accumulation Phase B, where price fakes out on downside and reclaims value area — now pushing toward Phase C markup.
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Bias: Bullish
Trade Type: Positional (1–4 days horizon)
Catalyst: Breakout + volume surge + price acceptance above $3.775
Let the gas ignite the move.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.