Natural Gas Breakout From Trendline

2024년 12월 11일

Natural Gas (4-Hour Timeframe)


Pattern Formation:

Falling Trendline: Price is testing the descending trendline, signaling a potential breakout.
Supply Zone: A supply zone is visible around the 277-281 levels, where price action could face resistance.

Support: 259-260 zone, acting as a strong base.
Immediate Resistance: 277-281 supply zone.
Targets Upon Breakout:
Target 1: 276
Target 2: 279
Target 3: 281

EMA Support: The price is holding above the 55 EMA (266.7), indicating potential bullish momentum if sustained.

Outlook: A break and close above the supply zone could trigger a bullish rally.
Failure to break the trendline might see a retracement back to the support zone.
Risk Management:

Stop-loss should be placed below the 260 support zone for bullish trades.

Disclaimer: This technical analysis is for informational purposes only and is not financial advice. Always trade responsibly and manage your risk effectively.

2024년 12월 11일

액티브 트레이드

First target done, made high of 277..