NATURAL GAS - REVERSAL FROM STRONG SUPPORT + TRENDLINE BREAKOUT
Natural Gas is showing a bullish reversal structure after holding a major support zone around $3.04–3.05
📌 Entry: Above $3.15–3.16 after a confirmed breakout and sustain above the descending trendline.
🎯 Target 1: $3.34–3.40
🎯 Target 2: $3.54
🛡️ Stop Loss: Below $3.07
⚠️ Major Support: $3.04–3.05
Setup Logic
Major support → base formation → descending trendline breakout → upside resistance zones
The key confirmation is a 1H candle closing above the trendline, ideally followed by a hold/retest.
Breakout above $3.16 can open the path toward $3.40 and potentially $3.54. 📈
TradingView technical-analysis idea; levels are chart-based and not a guaranteed outcome.
📌 Entry: Above $3.15–3.16 after a confirmed breakout and sustain above the descending trendline.
🎯 Target 1: $3.34–3.40
🎯 Target 2: $3.54
🛡️ Stop Loss: Below $3.07
⚠️ Major Support: $3.04–3.05
Setup Logic
Major support → base formation → descending trendline breakout → upside resistance zones
The key confirmation is a 1H candle closing above the trendline, ideally followed by a hold/retest.
Breakout above $3.16 can open the path toward $3.40 and potentially $3.54. 📈
TradingView technical-analysis idea; levels are chart-based and not a guaranteed outcome.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.