Natural Gas Breakout Sets Stage for Potential Reversal

Natural Gas Futures (MCX) are showing a tactical bullish trading setup following a recent breakout from a triangle formation on the daily timeframe.

The price has advanced in a clear five-wave impulsive structure on the hourly timeframe, confirming short-term bullish momentum. The subsequent decline has unfolded as an ABC corrective retracement, indicating a potential pullback within the broader post-breakout structure.

Currently, the price is stabilizing near key support levels, with the corrective phase appearing mature in structure. This suggests that a potential reversal may be imminent.