NGAS (Natural Gas) – Technical Analysis | 2H

Jan 7

NGAS
Channel support line hit: Price has reacted exactly from the lower boundary of the falling channel, indicating structural support is respected.

New low not aggressive: The recent breakdown didn’t show strong momentum or expansion in range → signs of selling exhaustion, not panic.

Demand zone respected: Buyers stepped in from the marked demand area, confirming willingness to defend this zone.

Overall structure suggests short-term mean reversion / pullback rather than continuation of sharp downside.

📉 Trade Plan
🟢 Buy Zone: 3.42 – 3.46

⛔ Stop Loss: 3.32

🎯 Targets:
T1: 3.63, T2: 3.89, T3: 4.10.

Keep Learning, Happy Trading.

Jan 11

Trade closed: stop reached

Stop hit in #NGAS