Natural Gas Technical Breakdown Ahead? Eyes on the 264.90 Mark

#Commodity

#NaturalGas View:

CMP: 271.70

🔹 Resistance Levels:
• 270.70 – 273.40
• 275.00
• 284.00

🔹 Support Level:
• 264.90

Technical View:
Natural Gas seems to be forming a bearish flag pattern on the hourly & 4 hours chart. The price is currently facing resistance at the pink trendline breakdown level. While it's still early for confirmation, a decisive hourly close below 264.90 may validate the pattern and open the door for further downside. If the pattern plays out, a possible target zone around 220 could be in sight.

📌 Note: This is a technical analysis view shared for educational purposes only and not a recommendation to buy/sell. Always consult your financial advisor before making any trading decisions.

#Commodity | #NaturalGas | #MCX | #PriceAction