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.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.