NATURALGAS 4H: Uptrend Meets a Potential Rising WedgeNatural Gas (XNGUSD, NATGAS)CAPITALCOM:NATURALGASProfessorSingaporeAt the time of the chart, NATURALGAS was trading near 3.37. Price remains above the 50 SMA and both 200-period moving averages, so the 4H trend is still upward. However, the rising trendlines form a potential rising wedge. This raises the risk of a pullback, but the pattern has not broken down. Price has twice approached the upper boundary near 3.45–3.48 without holding above it. RSI has eased to around 57, and the MACD histogram is below zero. Momentum is cooling, though this alone does not confirm a reversal. Today’s news is mixed. U.S. natural gas futures gave back some gains as weather-driven demand eased. Meanwhile, European gas reached its highest level since December 2022 amid LNG supply concerns. European prices may influence U.S. export demand, but they are a separate benchmark and do not confirm upside on this chart. A break below 3.30–3.33 would be an early sign of weakness. It would not, by itself, confirm a wedge breakdown; that requires a 4H close below the rising lower boundary. Conditional Long Setup There is no confirmed entry at the current price. A long is worth considering only if price pulls back into 3.30–3.34, buyers defend the area, and a 4H candle closes back above 3.34. Entry: near 3.34–3.35 on a retest after confirmation Stop loss: below 3.28 Target 1: 3.44–3.45 Target 2: 3.48 This is a trade within the wedge, with the upper boundary as the final target. If the retest does not offer an entry near 3.34–3.35, skip the setup. A move below 3.28 ends this trade idea. A sustained 4H close above 3.48 would weaken the wedge risk and call for a new breakout plan. ⚠️ Not financial advice.