Natural Gas has rallied from the demand zone and is now testing the descending 4H trendline. Price is also reclaiming short-term EMAs, indicating improving momentum.
However, this is a critical decision area.
Resistance Zone: 290–295
Retest Zone: 282–284
Demand Base: 270–272
Breakout - A sustained move above 295 can trigger expansion toward 320–342 zone.
Rejection - Failure near trendline may lead to retest of 282 and possibly 270 demand.
Structure is compressing. Volatility expansion likely soon.
Confirmation is key. No breakout, no trade.
Only for education purpose.
However, this is a critical decision area.
Resistance Zone: 290–295
Retest Zone: 282–284
Demand Base: 270–272
Breakout - A sustained move above 295 can trigger expansion toward 320–342 zone.
Rejection - Failure near trendline may lead to retest of 282 and possibly 270 demand.
Structure is compressing. Volatility expansion likely soon.
Confirmation is key. No breakout, no trade.
Only for education purpose.
Trade active
I am expecting upside movement(Breakout) once it breaks the trendline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.