Natural Gas Important Levels to watch !

MCX:NATURALGAS1!   Natural Gas Futures
Natural Gas important levels to watch are as follows

#Support: 244

Sell below: 244 only on 15 minute candle closure below the level.
Target 1: 242
Target 2: 239

#Resistance: 247

Buy Above: 247 only on 15 minute candle closure Above the level.
Target 1: 249
Target 2: 252

=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.

=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.

=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.

=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.

=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.

#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.

target 1 hit !!

LOW made 239.6, very close to our target level 2 !!

follow us for more such insightful updates daily.

Natural gas second target successfully achieved !!

stay tuned for further price action !!

Natural gas prices bounced back after hitting our both targets on the downside.

Currently, prices again facing resistance exactly at the marked level of resistance forming a supply zone.

The chances of price rejection from the supply zone are high. However, if price managed to break the supply zone then we may witness further upside rally towards the marked target levels.

head and shoulders can be seen on 15 min timeframe,

we may witness further downfall if 15 min candle closes below the neckline.
do not forget to use SL as per your own risk appetite.

natural gas broke the supply zone marked in red on the chartand achieved target 1 on upside
Trade closed: target reached:
All the targets achieved successfully just as planned.

Follow us for more such insightful ideas and real-time price action updates.

WhatsApp : 8766668446

Join Our free telegram channel for more detailed market views.

For Fully automated algo trading contact us:

Disclaimer: All the Views are purely for educational purpose.