Natural Gas - Major Bullish Patterns Identified Before Winters!

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Natural Gas MCX Futures — Morning Star and Three White Soldiers Signal Major Bullish Reversal

By Chart Pathik | 21 November 2025

Market Overview

Natural Gas Futures
on MCX have triggered back-to-back powerful bullish reversal signals: the Morning Star pattern on the daily chart and the Three White Soldiers pattern on the weekly. This rare technical combination strongly suggests a significant trend inflection from correction to expansion, supported by seasonal demand and emerging supply constraints.​

Technical Structure and Pattern Logic

Morning Star (Daily Chart):

The Morning Star pattern, a three-candle bullish reversal setup, appears after a downtrend or sideways consolidation.

The first candle is a decisive down/weak close, followed by a small indecision candle (the 'star'), and then a large, forceful green real body confirming fresh buying.

This sequence signals exhaustion from sellers and an aggressive shift to buyer control, especially potent after multi-day weakness.

Three White Soldiers (Weekly Chart):

The weekly chart exhibits three consecutive strong bullish candles, each closing near its high and following through above the previous session’s close.

This is a classic trend reversal, indicating institutional accumulation and positional conviction—commonly seen at major lows after extended declines.​

The “soldiers” pattern typically sets the foundation for multi-week upside extensions, especially when aligned with a momentum breakout zone.​

Pattern Validation and Volume Confirmation

Volume support on the confirmation candles is notable, with expanding participation on both daily and weekly signals. Such confirmation adds credibility to the potential for sustained rally.

Acceptance above the 407 breakout (see attached levels) shows that higher prices are not just knee-jerk reactions but reflect genuine buying interest and reduced overhead supply.

Key Levels to Watch

Entry Trigger: 407 (daily/weekly confirmation)

Short-Term Stoploss: 395 (tight management)

Positional Stoploss: 375 (below pattern structure)

Target 1: 438 (first multi-session target)

Target 2: 490 (full measured rally extension as projected by pattern amplitude)

Scenario Analysis

If gas sustains above 407:

Momentum is likely to carry toward 438 quickly, with strong odds of a push toward 490, especially if winter demand forecasts firm up.​

If price retraces but holds above 395–375:

Any healthy retest of breakout or support should be viewed as an opportunity for fresh accumulation, as long as reversal structure remains intact.

A failed rally below 375 would negate the structure, indicating a deeper reset before the next attempt.

Broader Market Context

This reversal combination appears just as the market approaches the peak winter demand window, historically a period of above-average volatility and price expansion for MCX Natural Gas.

Market Psychology and Investor Positioning

The emergence of Morning Star and Three White Soldiers underscores a shift from pessimism (capitulation selling) to optimistic accumulation and aggressive positioning by broad market participants. Historically, this dual-pattern scenario is a potent trigger for medium-term bull runs.

Outlook

The technical evidence now decisively favors a bullish positional bias in MCX Natural Gas as long as prices hold above 395–407. Pullbacks are buyable, targets are clearly defined, and the risk-reward is attractive for trend followers and swing traders alike.

Chart Pathik View

This is one of the cleanest sequential reversal setups: short-term (daily) and higher timeframe (weekly) structures are aligned for a powerful new uptrend. Retests are opportunities. Discipline and structure should drive all decisions—aggressive bulls have green lights as long as stops and position sizes are respected.