#Commodity
#NaturalGas View:
CMP: 271.70
🔹 Resistance Levels:
• 270.70 – 273.40
• 275.00
• 284.00
🔹 Support Level:
• 264.90
Technical View:
Natural Gas seems to be forming a bearish flag pattern on the hourly & 4 hours chart. The price is currently facing resistance at the pink trendline breakdown level. While it's still early for confirmation, a decisive hourly close below 264.90 may validate the pattern and open the door for further downside. If the pattern plays out, a possible target zone around 220 could be in sight.
📌 Note: This is a technical analysis view shared for educational purposes only and not a recommendation to buy/sell. Always consult your financial advisor before making any trading decisions.
#Commodity | #NaturalGas | #MCX | #PriceAction
#NaturalGas View:
CMP: 271.70
🔹 Resistance Levels:
• 270.70 – 273.40
• 275.00
• 284.00
🔹 Support Level:
• 264.90
Technical View:
Natural Gas seems to be forming a bearish flag pattern on the hourly & 4 hours chart. The price is currently facing resistance at the pink trendline breakdown level. While it's still early for confirmation, a decisive hourly close below 264.90 may validate the pattern and open the door for further downside. If the pattern plays out, a possible target zone around 220 could be in sight.
📌 Note: This is a technical analysis view shared for educational purposes only and not a recommendation to buy/sell. Always consult your financial advisor before making any trading decisions.
#Commodity | #NaturalGas | #MCX | #PriceAction
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.
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.