After a steep downtrend, Natural Gas is showing early signs of a trend reversal. Price has formed a rounded base with volume pickup and a clean breakout attempt over intraday supply.
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Technical Rationale:
• Base Formation: Price consolidating in a tight range after exhaustion selling – classic accumulation zone.
• Resistance Flip: Immediate resistance at $3.77 being tested multiple times. Sustained break may trigger momentum buying.
• Volume Confirmation: Gradual increase in volume on green candles suggests demand is building up.
• Support Zone: Strong base formed between $3.69–3.71, acting as a cushion for longs.
• Momentum Setup: Bullish structure on 15-min forming higher lows – potential to scale into swing long.
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Trade Plan:
• Buy Above: $3.775 (on candle close above zone)
• Stop Loss: $3.695 (below support zone)
• Target 1: $3.88 (gap-fill + previous support)
• Target 2: $3.97 (supply zone)
• Risk-Reward: ~1:2.5 — favourable setup for positional long
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Why Now?
After panic unwinding, smart money often steps in quietly. This pattern fits the Wyckoff Accumulation Phase B, where price fakes out on downside and reclaims value area — now pushing toward Phase C markup.
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Bias: Bullish
Trade Type: Positional (1–4 days horizon)
Catalyst: Breakout + volume surge + price acceptance above $3.775
Let the gas ignite the move.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.