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.

A rising ABCD pattern has been added to the chart that starts the C leg at the low from two weeks ago. If the ABCD pattern hits its target as contemplated, natural gas would be at 2.79.

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