UKNatGas: The W is complete.Winter is coming,the Chart confirms!

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UKNatGas: The W is complete.Winter is coming,the Chart confirms!UK NBP Natural Gas FuturesICEEUR_DLY:GWM1!Kearabilwe-NonyanaThe video features a breakdown of the UK Natural Gas Futures as well as my trading setup of August 11, 2026, which is the day after talks failed between Iran and Oman for the 2nd time in a row Iran rejecting the talks, stating its whole set of demands, refusing any US negotiations and keeping the supply of LNG from Qatar interrupted during the most crucial month of winter storage injections for the year. At the same time UK gas has been up by 75% YoY while the European storage continues to lag for the 2nd consecutive year. As a result, the chart has formed a textbook example of a W pattern; double bottom with lows at 128 GBp, neckline at 155 and target for a measured move of 182. This video shows you in detail where to draw the W pattern, what the current MACD histogram level of −0.64 tells you about the position of the W pattern and how I intend to trade it. Whether you trade energy futures or just want to learn how to recognize W patterns and trade MACD divergence on a chart, you should enjoy this video.