Technical Analysis of USNATGAS Downtrend

Trend Identification:

The price is making lower highs and lower lows, classic signs of a downtrend.

Moving averages (e.g., 50 EMA below 200 EMA) confirm bearish momentum.

Price often stays below key resistance levels such as previous support turned resistance or Ichimoku Kijun line.

Volume & Momentum:

Volume typically spikes on down moves, indicating strong seller participation.

Momentum indicators like RSI may be below 50 or approaching oversold territory, confirming bearish pressure but allowing room to fall further.

Resistance and Support Zones:

The stop loss at 3.600 is placed just above a recent swing high or resistance zone, protecting against a breakout reversal.

The take profit at 3.090 targets a previous significant support level or a Fibonacci retracement zone where price may find buying interest.

Risk-Reward:

The difference between entry and SL (~0.510) vs. entry and TP (~0.510 or more depending on entry) gives roughly a 1:1 or better risk-reward ratio, essential for disciplined trading.

Additional Confirmation:

Indicators such as MACD could show bearish crossovers.

Ichimoku Cloud may show price below the cloud, with the Senkou Span A below Senkou Span B (bearish cloud).

RSI not yet oversold, suggesting the downtrend may have more room.

Summary
Entry: Short USNATGAS around current price levels below 3.600 resistance.

Stop Loss: 3.600 (above recent resistance to avoid premature stop-outs).

Take Profit: 3.090 (near prior support or technical target).