Natural Gas, Technical Analysis – H4
Natural Gas is in the final stage of its upward impulse and is likely to face strong resistance in the 3,320 supply zone. A confirmed reversal from this level could open the way for a decline toward the key support at 3,060.
The asset is in the final stage of its ascending impulse, which is likely to encounter strong resistance in the supply zone around 3,320. If this scenario plays out, the subsequent decline could target the key support level at 3,060.
Key Levels:
□ 3,320 (resistance)
□ 3,060 (support)
Primary Scenario:
Rise toward 3,320, followed by a downward reversal targeting 3,060.
Alternative Scenario:
Decline from current levels.
Analyst Commentary:
Wait for the impulse to fully complete before taking new positions to avoid unnecessary risk of a breakout above 3,320.
Николай Криштопов — рыночный аналитик Investizo с более чем 15-летним опытом работы в индустрии финансовых рынков и более чем десятилетним опытом трейдинга. В сферу его интересов входят валютный и криптовалютный рынки, технический анализ, внутридневная торговля и поведение рынка.