Natural Gas (XNGUSD)
Short
Updated

Natural Gas: Bearish Outlook

1 304
Natural Gas: Bearish Outlook

Technical Analysis:
The price of natural gas recently completed a “Rising Wedge Pattern” near the 2.2960 level, increasing the likelihood of a bearish wave.

The geopolitical situation remains highly unstable, causing frequent price fluctuations.

In the past few hours, the price has dropped by approximately 3.35%, and it is expected to decline further to the 2.1760 and 2.100 levels.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
I hope you managed to close profits in this big move down. it was a quick move indeed
snapshot

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.