$NATURALGAS - 4H Breakout After Support Reclaim

16. Juli

Pattern formation: falling wedge pattern (4 Hour)

Price executed a clean reversal from the demand zone, reclaimed key EMAs, and broke out of the falling channel — hinting at a potential trend shift on the mid-timeframe.

• ✅ Support zone held strong near 270–280
  
  
• ✅ Breakout of falling wedge/channel
  
  
• ✅ Reclaim above 25 & 55 EMA
  
  
• ✅ Bullish structure with clean HH-HL formation
  
  
• ✅ Momentum building with volume confirmation
  

Possible Scenarios:
Retest near 296–298 zone may offer the best risk-reward long entries.
Targeting 308 - 314 - 320 (+6.3%) from the breakout zone.

#CrudeOil #naturalgas #MCXCrude #PowerOfCommodity #TriangleBreakout #TradingViewIndia #EnergyMarkets #TechnicalAnalysis



Comment below if you think it's bullish?

16. Juli

Trade ist aktiv

Naturalgas trade is active

18. Juli

Trade geschlossen: Ziel wurde erreicht

Natural Gas has hit a high of 312 as projected, completing the first leg of the bullish structure.

🔼 Next Move?
I’ll only look for fresh longs above 312 with sustained price action above 314, which would open up the path toward 320 next target.