๐ NATURAL GAS โ 1H TIMEFRAME UPDATE
Natural Gas has been climbing nicely inside an upward channel, and right now itโs retesting the lower trendline after a strong rally last week.
๐ธ Support zone: Around 306โ307 (channel bottom)
๐ธ EMA 55: Acting as dynamic support near 300 -295
๐ธ Volume: Picking up on the recent dip โ worth watching!
๐ What to Look Out For:
โ If support holds: We could see a bounce toward 315โ322 levels.
โ ๏ธ If it breaks below: Momentum may shift and pull price down toward the 295 region.
Letโs see if the bulls can defend the trendline!
๐ฌ Drop your thoughts in the comments & hit the like if this helped!
Natural Gas has been climbing nicely inside an upward channel, and right now itโs retesting the lower trendline after a strong rally last week.
๐ธ Support zone: Around 306โ307 (channel bottom)
๐ธ EMA 55: Acting as dynamic support near 300 -295
๐ธ Volume: Picking up on the recent dip โ worth watching!
๐ What to Look Out For:
โ If support holds: We could see a bounce toward 315โ322 levels.
โ ๏ธ If it breaks below: Momentum may shift and pull price down toward the 295 region.
Letโs see if the bulls can defend the trendline!
๐ฌ Drop your thoughts in the comments & hit the like if this helped!
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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.