Natural Gas Update (1H TF)
Price consolidating near 276 resistance, forming an Ascending Triangle (276–280 flat resistance, 269–267 rising support).
Price is now consolidating near the 276 zone, which is acting as a strong resistance.
📌 What This Means:
• Market is in a tight range — buyers are holding higher levels, but resistance hasn’t broken yet.
• Volume has been steady, suggesting accumulation for a possible breakout.
📈 Above 276–280 → Upside breakout
📉 Below 269–267 → Downside correction
Price consolidating near 276 resistance, forming an Ascending Triangle (276–280 flat resistance, 269–267 rising support).
Price is now consolidating near the 276 zone, which is acting as a strong resistance.
📌 What This Means:
• Market is in a tight range — buyers are holding higher levels, but resistance hasn’t broken yet.
• Volume has been steady, suggesting accumulation for a possible breakout.
📈 Above 276–280 → Upside breakout
📉 Below 269–267 → Downside correction
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.