Timeframe: 1H Breakout Watch 🚀
Technical Overview:
Natural Gas is testing key horizontal resistance around 272 after multiple rejections. Price is holding above 25 EMA and 55 EMA, showing short-term bullish momentum.
Key Levels to Watch:
• Resistance: 272 – 274
• Breakout Target: 278 – 280 (if sustained above 274)
• Support: 266 – 264 zone
Trade Idea:
• Bullish Scenario: Break and hold above 274 → Upside potential toward 278 – 280.
• Bearish Scenario: Rejection at resistance → Pullback toward 266.
Bias: Bullish if 272 holds as support post-breakout.
📊 Pattern: Range breakout attempt with potential 2.7% upside.
#NaturalGas #MCX #Commodities #PriceAction #Breakout #PowerCommodityTrading
Technical Overview:
Natural Gas is testing key horizontal resistance around 272 after multiple rejections. Price is holding above 25 EMA and 55 EMA, showing short-term bullish momentum.
Key Levels to Watch:
• Resistance: 272 – 274
• Breakout Target: 278 – 280 (if sustained above 274)
• Support: 266 – 264 zone
Trade Idea:
• Bullish Scenario: Break and hold above 274 → Upside potential toward 278 – 280.
• Bearish Scenario: Rejection at resistance → Pullback toward 266.
Bias: Bullish if 272 holds as support post-breakout.
📊 Pattern: Range breakout attempt with potential 2.7% upside.
#NaturalGas #MCX #Commodities #PriceAction #Breakout #PowerCommodityTrading
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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.