22-02-2025

Natural Gas Futures (MCX) have staged a stunning rally, surging +14.58% weekly and +39.74% monthly, signaling a potential bullish explosion that could take prices to jaw-dropping new highs! Let`s break down the technical setup that every trader needs to watch right now. 👇

🚀 Bullish Breakout in Motion?

Weekly Chart Insights 📊

📌 Price has broken above key resistance at ₹358 and is now testing ₹371.
📌 Fibonacci extensions indicate a short-term target of ₹423 (1.618 level) and a massive upside potential towards ₹527 (2.618 level) if momentum continues.
📌 The 50-week moving average has turned upwards, confirming a bullish trend shift.
📌 RSI is nearing 70, suggesting growing bullish momentum but approaching overbought territory.

22-02-2025

🔥 Monthly Chart – The Bigger Picture

📌 Major Fibonacci retracement zones suggest a rally towards ₹505 - ₹609 if price clears the ₹423 hurdle.
📌 A long-term double bottom pattern has formed, a classic reversal signal that could fuel a supercycle rally!
📌 MACD has crossed bullishly, showing strong momentum for a multi-month rally.

📈 Key Levels to Watch

🔹 Support: ₹358 / ₹300
🔹 Immediate Resistance: ₹423
🔹 Major Breakout Zone: ₹527 – ₹609

22-02-2025

🔥 What`s Next for Natural Gas?

If bulls sustain above ₹371, we could see a rapid move to ₹423 and beyond. However, a rejection at resistance could lead to a short-term pullback. Traders should watch for volume confirmation and RSI strength before entering long trades.

🚨 Is this the start of a historic bull run? Keep an eye on Natural Gas Futures, as the next few weeks could be game-changing!

📢 Drop your thoughts in the comments! Are we heading to ₹600+? 🚀🔥

Disclaimer: "The securities & Commodity quoted are for illustration only and are not recommendatory " Vikash Bagaria SEBI Registered Research Analyst - INH300008155
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