Natural Gas: Bullish Triangle Pattern

12 May

Natural Gas: Bullish Triangle Pattern

Natural Gas (XNGUSD) appears to be forming a Bullish Triangle Pattern, suggesting potential upward movement. The price is currently around 3.9900 USD, and the analysis highlights two key targets:

The breakout from the triangle pattern indicates possible price strength, meaning buyers are gaining control.

The structure suggests that the breakout from the pattern is acting as support, while 4.1000 USD and 4.2000 USD are key resistance zones where price action may face resistance.

While the price may continue rising toward the targets, minor corrections could occur along the way as traders take profits or reassess market conditions.

First target: 4.1000

Second target: 4.2000

You may find more details in the chart!
Thank you and Good Luck!

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14 May

Not

NG - Stay away because it was transformed too much. It may develop a bearish pattern or it may develop even a larger bullish pattern before it takes direction.