Natural Gas (NG) - Potential Breakout Watch - July 11, 2024

11 Tem

Current Situation: Natural Gas is currently trading around 195.75 (based on your previous info).

Analysis: We're observing a potential breakout situation on the chart.

Bullish Breakout: If Natural Gas breaks and closes above 196.5, it could signal a potential price increase.
Target: No specific target mentioned, but a breakout typically suggests prices could move upwards.

Invalidation: A price drop below 194.5 would weaken the bullish case and suggest a potential downside move.