Natural Gas Daily Chart – Cup and Handle Pattern
The daily chart of Natural Gas (NG) suggests a classic cup and handle formation, a bullish continuation pattern indicating further upside potential. The price recently hit resistance and pulled back, forming the "handle" phase.
- Support: Holding above $3 is crucial for sustaining the pattern.
- Breakout Zone: A decisive move above $5 would confirm the breakout, opening doors for further gains.
- Trend Outlook: As long as NG remains above $3, the broader trend favors bulls.
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