Takeaway

The presenter outlines technical setups across commodities, noting that Natural Gas is testing critical resistance zones where traders should watch for either continuation pullbacks or double-top reversal shorts. Gold and Silver have broken key support levels and are positioned for short trades on bearish pullbacks, while Crude Oil sits on a multi-month trendline support where a clean candle body break could trigger an extended drop toward 76.00.

What the presenter said

• Natural Gas: The daily timeframe recently delivered a valid swing-low bullish engulfing pattern above the 50 EMA [00:59]. Price is expected to push higher [02:39], but it is currently hitting resistance and double-top levels on MCX and Capital.com charts [04:21]. If a bearish engulfing pattern or double top forms at resistance, it presents a shorting setup; otherwise, standard pullbacks with bullish engulfing candles remain viable for long entries [03:17, 03:27, 05:00].
• Gold: Price broke below its previous low [06:25] and is tracking toward support between 3914.33 and 3974.28 [06:41]. Bearish pullback entries require a bearish engulfing pattern below the 50 EMA [07:15].
• Silver: Price broke out of its range/box to set a fresh low, opening bearish pullback opportunities toward the next support level at 56.072 [07:20, 07:33, 07:46].
• Crude Oil: Price is testing a major multi-month trendline support [08:00]. A full candle body close below this line presents a high-conviction short down to the next support zone due to a lack of intermediate levels [08:13, 09:08]. Conversely, an upside breakout from the descending triangle would indicate a reversal higher [08:52].

Trade ideas

• Natural Gas (ND1!) – Long (Medium Term, Conviction: High): Enter on a bullish engulfing pattern following a pullback; stop below the trendline; target recent tops.
• Natural Gas (ND1!) – Short (Short Term, Conviction: Medium): Enter aggressively on a bearish engulfing pattern or double top at resistance (3.275–3.40); stop above the double top/engulfing candle; target unspecified.
• Natural Gas (ND1!) – Long (Short Term, Conviction: Medium): Enter on a bullish engulfing candle following a normal pullback from the resistance zone; stop unspecified; target 1 ATR.
• Natural Gas (MCX) – Short (Short Term, Conviction: Medium): Enter on a bearish engulfing pattern (shooting star) or double top at the ~319.0 resistance area; stop above the bearish candle; target unspecified.
• Natural Gas (MCX) – Long (Short Term, Conviction: Medium): Enter on a bullish engulfing pattern after a pullback from overbought RSI; stop and target unspecified.
• Gold (XAUUSD) – Short (Short Term, Conviction: Medium): Enter on a bearish engulfing pattern below the 50 EMA on a pullback; stop above the engulfing candle; target 3914.33–3974.28 support.
• Silver (XAGUSD) – Short (Short Term, Conviction: Medium): Enter on a bearish pullback following the box breakdown; stop and target unspecified.
• Silver (XAGUSD) – Long (Short Term, Conviction: Medium): Enter on a bullish engulfing pattern or double bottom at the 56.072 support level; stop and target unspecified.
• Crude Oil (CL1!) – Short (Short Term, Conviction: High): Enter on a confirmed body close below trendline support (~87.00); stop unspecified; target next support around 76.00.
• Crude Oil (CL1!) – Long (Short Term, Conviction: Medium): Enter on an upside breakout above the descending triangle pattern; stop and target unspecified.

Levels and data cited

• Natural Gas (ND1!): Resistance at 3.275, 3.33, 3.35, 3.38, 3.40; Support at 3.17, 3.08, 3.06, 2.88, 2.85, 2.75, 2.58.
• Natural Gas (MCX): Resistance at 319.0 (double top area).
• Gold (XAUUSD): Support at 3914.33 and 3974.28.
• Silver (XAGUSD): Support at 56.072.
• Crude Oil (CL1!): Support at 87.00 (major trendline) and 76.00 (next structural level).

Risks and what would invalidate this

• Natural Gas: Bullish setups are invalidated if a double top or bearish engulfing pattern forms at resistance.
• Gold & Silver: Bearish continuation theses are invalidated if bullish engulfing patterns or double bottoms form at their respective support zones.
• Crude Oil: Bearish views are invalidated if price breaks to the upside of the descending triangle; bullish views are invalidated if the 87.00 trendline support is breached to the downside.