The Natural Gas chart shows improving odds for the recovery of the upward momentum.
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 strategy for Natural Gas should embrace long positions based on this graphical representation. A trader can enter the market either at the current prices or when return to the marked resistance level is implemented.
📌 Entry: 4.689
✔️ First target: 4.809
✔️ Second target: 4.836
❌ Stop order: 4.629
