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Updated

Natural Gas (NATGASUSD): The Situation May Become Worse 💨

1004
snapshot

Update for Natural Gas.
This week the market set a new higher high higher close on a daily violating a previous high.

Analyzing a monthly chart we may see a breakout attempt of 6.07 - 6.70 structure resistance cluster.
Monthly candle close above that zone will confirm a breakout and may lead to a strong bullish rally.
Next resistance on focus will be 9.0 level.

Be prepared for bullish continuation traders.

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Note
Check my new idea on SILVER:
SILVER (XAGUSD) Correctional Move From Key Level 🥈
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Candlestick AnalysisCommoditiesNATURAL GASNatural GasNatural GasSupply and DemandSupport and Resistancetradertrading
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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.