Natural Gas: Follow The Price Breakout

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Natural Gas: Follow The Price Breakout

In recent days, natural gas (NG) has continued to develop a contracting triangle, which, according to our chart, typically suggests an upward price movement.

However, given the unclear fundamental perspective, we need to consider both trading scenarios.

Technical Analysis:
If the price breaks through 2.8920, a bullish movement will be confirmed, and the price may rise further to 3.00.

If the price breaks below 2.8000, a possible bearish wave may begin, with NG potentially moving down to 2.6300, as shown on the chart.


You may find more details in the chart!
Thank you and Good Luck!

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Penafian

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