Natural Gas (NG) - Potential Breakout Watch - July 11, 2024
Current Situation: Natural Gas is currently trading around 195.75 (based on your previous info).
Analysis: We're observing a potential breakout situation on the chart.
Bullish Breakout: If Natural Gas breaks and closes above 196.5, it could signal a potential price increase.
Target: No specific target mentioned, but a breakout typically suggests prices could move upwards.
Invalidation: A price drop below 194.5 would weaken the bullish case and suggest a potential downside move.
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