Natural Gas – Breakdown Retest Could Trigger Fresh Fall

23 set

Hello everyone, Let's analyse Natural Gas and it has recently broken down from a key support level, turning it into resistance. The price is now retesting that zone, and unless bulls manage to reclaim it strongly, the downside remains the higher probability.

Current Setup:

• Previous support around 254–256 has turned into a resistance zone.
  
  
• Breakdown already confirmed with strong bearish candles.
  
  
• RSI is still holding higher, but momentum may fade if resistance rejects.
  
  
• Fresh downside targets can open toward 249–247 zone if rejection plays out.
  
  
• Only a strong close above 257 will negate this bearish view.
  

Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.

Analysis By TraderRahulPal (TradingView Moderator) | More analysis & educational content on my profile
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24 set

Trade chiuso: obiettivo raggiunto

it given perfect move towards our targets