Looking at the chart, it feels like natural gas is in an overhyped zone, pushing up against strong resistance around 3.71-3.75. We’re already seeing signs of rejection at this level, which could mean a correction is coming soon.
Short Opportunity?
If the price fails to break above 3.75, a short trade with a target around 3.60-3.50 could be a solid play.
A stop-loss just above 3.78-3.80 would help avoid getting caught in a fake breakout.
Long Opportunity?
If we get a dip to 3.50-3.55 and it holds, that could be a great spot to go long, especially with summer demand picking up later in the year.
Risk Factor?
If the price breaks above 3.80, we could see a much bigger rally toward 4.00+, so shorting above that level becomes risky.
How I’d Trade This:
Aggressive approach: Short from 3.71-3.75, aiming for a drop to 3.60-3.50.
Safer approach: Wait for a dip to 3.50-3.55, then look for a long entry if price stabilizes.
Right now, a correction looks very likely, but patience is key. Let’s see if the market confirms it in the next few sessions.
Short Opportunity?
If the price fails to break above 3.75, a short trade with a target around 3.60-3.50 could be a solid play.
A stop-loss just above 3.78-3.80 would help avoid getting caught in a fake breakout.
Long Opportunity?
If we get a dip to 3.50-3.55 and it holds, that could be a great spot to go long, especially with summer demand picking up later in the year.
Risk Factor?
If the price breaks above 3.80, we could see a much bigger rally toward 4.00+, so shorting above that level becomes risky.
How I’d Trade This:
Aggressive approach: Short from 3.71-3.75, aiming for a drop to 3.60-3.50.
Safer approach: Wait for a dip to 3.50-3.55, then look for a long entry if price stabilizes.
Right now, a correction looks very likely, but patience is key. Let’s see if the market confirms it in the next few sessions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.