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
Trade active
Naturalgas breaks the support zone 284 → 278.9 and now sustaining below the EMA55
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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.