NATURALGAS – Weekly Update
Timeframe: 1HR | Symbol: NATURALGAS1! (MCX)
Pattern : D Cup Formation Completed
Natural Gas has formed a textbook "D Cup" pattern, indicating a rounded top reversal structure. After a parabolic rise in late April, prices have gradually given up gains, confirming the pattern with a breakdown toward 270.
Resistance Zone: 295 – 298
Immediate Support: 284 → 278.9 (EMA 55)
Breakdown below ₹283.9 can accelerate selling pressure.
Weekly View:
Strategy:
Sell on rise below 292–295
#NaturalGas #MCXNG #CupFormation #TrendReversal #CommodityTrading #PriceAction #NGFutures
Timeframe: 1HR | Symbol: NATURALGAS1! (MCX)
Pattern : D Cup Formation Completed
Natural Gas has formed a textbook "D Cup" pattern, indicating a rounded top reversal structure. After a parabolic rise in late April, prices have gradually given up gains, confirming the pattern with a breakdown toward 270.
Resistance Zone: 295 – 298
Immediate Support: 284 → 278.9 (EMA 55)
Breakdown below ₹283.9 can accelerate selling pressure.
Weekly View:
- Bearish momentum increasing post pattern completion
- Volume spike adds confirmation to recent breakdown
- Watch for EMA resistance retests or breakdown below ₹283 for next short opportunity
Strategy:
Sell on rise below 292–295
#NaturalGas #MCXNG #CupFormation #TrendReversal #CommodityTrading #PriceAction #NGFutures
交易進行
Naturalgas breaks the support zone 284 → 278.9 and now sustaining below the EMA55
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