Natural Gas (XNGUSD)
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NATURAL GAS formed Head and Shoulders pattern

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NATURALGAS

🔍 From a longer-term perspective, I noticed that a Head and Shoulders pattern 🪖🩻 is about to form. This pattern has been forming since December 2024 and in the long term 🕰️ means no good for those who play long here 📉.

🙋‍♂️ Personally, I will stay aside for now and observe 👀. The asset may head towards the 3.0000 support level 🪙, where I expect a potential rebound 🔄, possibly even a retest of the trendline from below ↩️.

⏳ In the long term, the asset may even move towards the 2.0000 support level 🚨, but I will need more observation and data to be sure 🧪.

🕊️ Time will show. Thank you for the attention! 🙏

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