FX.co ★ mozell.abshire | Natural Gas (NG)

Hello traders! #NG — a bullish impulse is in play, the price confidently settled above 3.063–3.069 and continues to show strength, expecting further growth. Timeframe and Context H1. After a correction phase with a test of support around 3.063–3.069, natural gas formed a strong base and experienced a confident rebound. The current price stabilizes around 3.073 dollars with a positive close (+0.10%) (O 3.069 → H 3.094 → L 3.063 → C 3.073), corresponding to the scenario of completing the correction wave and starting a new bullish phase while holding above key levels. Market Structure: Bullish trend in the medium term Locally, the market demonstrates complete dominance of buyers: - Confident bounce from the 3.063–3.069 zone with subsequent holding above and a series of strong green candles - Dominance of bullish closes in the current segment, attempts by sellers are quickly suppressed - Absence of a pullback below the broken level and stability after the support test — a classic signal of continuation of the impulse Sellers completely lost control after testing the lower boundaries, creating ideal conditions for buyer dominance. Indicators confirm a strong bullish sentiment: RSI confidently above 60–65, momentum remains high without divergences; price stays above all key EMAs (50, 100, 200); MACD with a positive histogram and upward impulse expansion. Liquidity and Levels Significant liquidity was collected below 3.063–3.069 during the decline (stop-losses and short positions closure), now the main accumulation of sellers' stops and pending orders is above current prices in the 3.073–3.094 zones and further up to 3.100–3.150+. Breaking 3.069 and settling above 3.073 opened the way to upper targets: - Liquidity is concentrated above — expecting a cascade stop-loss collection approaching 3.100+ - Current stabilization around 3.073 and the absence of a strong pullback indicate sustained demand - Approach to resistance zones with high volatility and accelerated movement is expected Levels coincide with the 161.8% Fibonacci extension from the previous impulse, dynamic EMAs, and the upper boundary of the medium-term ascending channel. Projected Movement: Continuation of the upward impulse Further development of a strong upward impulse is expected after settling above 3.073: - Settling above 3.094 with acceleration - Breaking through the 3.100–3.150 zone with activation of large pending buy orders - Updating highs and forming a new wave of growth In the short term, a small consolidation in the range of 3.063–3.073 is possible to digest the movement, but in the medium term, the trend remains extremely bullish with the potential to test 3.200+. Movement Targets (Take Profit) TP1 — 3.094–3.100 First significant resistance zone after the current impulse Suitable for partial profit-taking TP2 — 3.150–3.200 Intermediate area with liquidity accumulation and expansion Opportunity for additional profit-taking TP3 — 3.250+ Key medium-term target of the current bullish impulse Expected range for the end of the growth wave Risks and Scenario Reversal Conditions The scenario will be invalidated under the following conditions: - Breaking below 3.063 and settling with the formation of new lows - Development of a descending structure with a series of lower highs and increased selling pressure Final Conclusion Trend: medium-term bullish, impulse in play Correction: completed at strong support 3.063–3.069 Liquidity: main accumulation above 3.094–3.150, high probability of upward impulse continuation Targets: 3.094–3.100, 3.150–3.200, 3.250+ Traders, how do you view natural gas at the moment? Are you adding on pullbacks or waiting for a breakthrough of 3.100? Share your levels and ideas in the comments!