Natural gas shows strength as it breaks through resistance and confirms a bullish ABCD pattern.

At that point the structure of the ABCD pattern will be violated. Expanding Triangle Further Evolves Natural gas continues to trade within a developing expanding triangle consolidation pattern.

The ABCD pattern provides a couple nearby targets with the first at 1.85. It is interesting to note that the 20-Day MA (purple) at 1.84 is very close to the first target for the ABCD pattern at 1.85.

Gold’s narrowing range and breakout potential suggest rising volatility ahead, with a sustained move above $3,451 targeting Fibonacci and ABCD projection levels.