XNGUSD Update: SMA 200 Support Broken

Wait 5 sec.

XNGUSD Update: SMA 200 Support BrokenNatural Gas (XNGUSD, NATGAS)CAPITALCOM:NATURALGASProfessorSingapore🎯 Trade setup: Direction: Short after pullback 🔻 Entry: $3.245–$3.260 🛑 Stop Loss: $3.280 🎯 Take Profit 1: $3.220 🎯 Take Profit 2: $3.190 📊 Analysis: XNGUSD has fallen to $3.235, breaking below the SMA 200 near $3.249 with a strong bearish candle. Price also remains below EMA 9, EMA 20 and SMA 50. RSI is falling toward 35, while MACD confirms increasing bearish momentum. Stochastic RSI is oversold, so a brief rebound may occur before another decline. Scenario: 📉 A failed retest of $3.245–$3.260 would support further downside. A break below $3.220 could accelerate the move toward $3.190. 📈 A recovery above $3.260 would weaken the bearish signal. Holding above $3.280 could trigger a rebound toward $3.300. ⚠️ Invalidation: Hourly close above $3.280. ⚠️ Not financial advice.