The pressure is easing. A support line has formed on the Natural Gas chart.
A classic Head and Shoulders pattern emerged on the chart. The neckline in green has been apparently pierced, confirming the completion of this reversal pattern. This is an important signal indicating a potential price increase. It is important to be vigilant for possible retesting of the Neckline, which often occurs as this pattern develops.
The Natural Gas trade is better situated towards opening a long position strategy. Possible entry points include both current prices and retest levels of the designated resistance line.
📌 Entry: 3.233
✔️ First target: 3.357
✔️ Second target: 3.394
❌ Stop order: 3.109
