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NATURALGAS-I.MCX

NATURALGAS FEB FUTURES - 4 HOUR CHART

1 month ago

Natural Gas Futures are currently trading in a short-term bearish structure on the 4-hour chart, forming lower highs and lower lows while consolidating near a descending trendline resistance around the 290–300 zone. The broader trend remains weak unless price sustains above the falling supply line, which could trigger a short-covering bounce. Immediate support is placed near 270–275, and a breakdown below this zone may extend the decline toward 250 levels. Existing traders should maintain cautious positioning with strict stop losses, while fresh long positions are advisable only on a decisive breakout above the trendline with strong volume confirmation. Short-term traders may look for selling opportunities on rise toward resistance zones until a clear trend reversal is established.

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Posted by

GOPIND MANIKANDAN

Moderator

1 month ago

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