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.

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📌 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.