Natural Gas (MCX) – 4 Hour Timeframe
Natural gas has broken out of the descending channel and is now retesting the breakout zone near 360. If sustained, this could lead to a strong bullish move towards the next resistance zone.
🔹 Key Levels to Watch
✅ Breakout Confirmation: 360+
🎯 Targets:
🔹 First Target: 365
🔹 Second Target: 373
🔹 Final Target: 380
Stop-loss: Below 350 to manage risk.
Strategy: A successful retest of 360 could provide an ideal buy opportunity for further upside. Watch for strong volume confirmation before entry!
📢 Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
Trade wisely, manage your risk, and stay informed! 📊📈
💬 What are your thoughts? Are you bullish on Natural Gas? Let me know in the comments!
Natural gas has broken out of the descending channel and is now retesting the breakout zone near 360. If sustained, this could lead to a strong bullish move towards the next resistance zone.
🔹 Key Levels to Watch
✅ Breakout Confirmation: 360+
🎯 Targets:
🔹 First Target: 365
🔹 Second Target: 373
🔹 Final Target: 380
Stop-loss: Below 350 to manage risk.
Strategy: A successful retest of 360 could provide an ideal buy opportunity for further upside. Watch for strong volume confirmation before entry!
📢 Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
Trade wisely, manage your risk, and stay informed! 📊📈
💬 What are your thoughts? Are you bullish on Natural Gas? Let me know in the comments!
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.