“Trading involves a high risk to the invested capital. Understand all risks before investing”
CFI Palestine doesn’t deal with virtual assets or crypto currencies.
CFI Palestine is regulated by Palestine Capital Market Authority license number (PCMA/CFI/562776930)
Natgas, Time frame: 4hNatural Gas has pushed decisively above $2.988 resistance, a level that capped price through much of September. The breakout follows a strong rebound from $2.808 support, strengthening the short-term market structure as price advances toward higher resistance.
$2.988 Becomes Key Support
The former $2.988 resistance now becomes an important support level. With Natural Gas trading around $3.154, any pullback toward this area would test whether buyers can successfully defend the recent breakout.
Major Supply Zone Approaching
Price is now moving toward the highlighted $3.20-$3.30 supply zone, where several rallies were rejected during June and July. This represents the clearest resistance area above the current price and the next major test for the advance.
200-EMA Supports the Structure
Natural Gas remains comfortably above the 200-period EMA near $2.916. The EMA sits beneath the $2.988 breakout level, providing an additional layer of dynamic support and reinforcing the improving technical structure.
RSI Shows Strong but Stretched Momentum
RSI has climbed to approximately 74.4, pushing above the traditional 70 overbought level. The reading reflects strong upside momentum behind the breakout, although it also shows that the rally has become increasingly stretched in the short term. The focus now shifts to how price reacts as the rally moves into an area that has repeatedly attracted sellers.
Disclaimer: The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients.
-1793182882.webp)
-1793012051.webp)
-1792504609.webp)