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.
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.