#Commodity
#NaturalGas View:
CMP: 271.70
🔹 Resistance Levels:
• 270.70 – 273.40
• 275.00
• 284.00
🔹 Support Level:
• 264.90
Technical View:
Natural Gas seems to be forming a bearish flag pattern on the hourly & 4 hours chart. The price is currently facing resistance at the pink trendline breakdown level. While it's still early for confirmation, a decisive hourly close below 264.90 may validate the pattern and open the door for further downside. If the pattern plays out, a possible target zone around 220 could be in sight.
📌 Note: This is a technical analysis view shared for educational purposes only and not a recommendation to buy/sell. Always consult your financial advisor before making any trading decisions.
#Commodity | #NaturalGas | #MCX | #PriceAction
#NaturalGas View:
CMP: 271.70
🔹 Resistance Levels:
• 270.70 – 273.40
• 275.00
• 284.00
🔹 Support Level:
• 264.90
Technical View:
Natural Gas seems to be forming a bearish flag pattern on the hourly & 4 hours chart. The price is currently facing resistance at the pink trendline breakdown level. While it's still early for confirmation, a decisive hourly close below 264.90 may validate the pattern and open the door for further downside. If the pattern plays out, a possible target zone around 220 could be in sight.
📌 Note: This is a technical analysis view shared for educational purposes only and not a recommendation to buy/sell. Always consult your financial advisor before making any trading decisions.
#Commodity | #NaturalGas | #MCX | #PriceAction
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.