NG Both Sides

As you see in the chart, price is moving in the ascending parallel channel and currently, it has been pushed to the upside after retesting the channel’s lower band.

If price breaks the red resistance level at 4.515 and closes a bullish candle above this level, we can expect a rise on NG to the channel upper band.

On the other hand, since we should always consider the another side either, if price breaks the yellow support zone around 4.300 and closes below this level, the bullish scenario is canceled and price may drop to 4.00