Natural Gas (NG) Weekly Breakout Brewing — 80% Upside Potential!
Current Price: $3.090
Technical View (Weekly Timeframe):
Natural Gas has formed a classic falling wedge pattern on the weekly chart - a strong bullish reversal setup. Price action is currently on the verge of breakout, with increasing volume and narrowing range suggesting imminent movement.
🟢 Strong Support Zones:
$3.013 – $2.956
$2.692 – $2.643
🔺 Key Resistance / Upside Targets:
Short-term: $5.125 – $5.630 (Pattern target: $5.625)
Long-term: $9.35 – $10.00
📈 The pattern breakout target of $5.625 aligns closely with the major resistance zone of $5.125 – $5.630, representing a potential ~80% upside from current levels.
Look for confirmed breakout above the wedge resistance with strong volume for trend continuation.
#NaturalGas | #NG | #FallingWedge | #ChartPatterns | #TechnicalAnalysis | #PriceAction
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
Technical View (Weekly Timeframe):
Natural Gas has formed a classic falling wedge pattern on the weekly chart - a strong bullish reversal setup. Price action is currently on the verge of breakout, with increasing volume and narrowing range suggesting imminent movement.
🟢 Strong Support Zones:
$3.013 – $2.956
$2.692 – $2.643
🔺 Key Resistance / Upside Targets:
Short-term: $5.125 – $5.630 (Pattern target: $5.625)
Long-term: $9.35 – $10.00
📈 The pattern breakout target of $5.625 aligns closely with the major resistance zone of $5.125 – $5.630, representing a potential ~80% upside from current levels.
Look for confirmed breakout above the wedge resistance with strong volume for trend continuation.
#NaturalGas | #NG | #FallingWedge | #ChartPatterns | #TechnicalAnalysis | #PriceAction
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.