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TrikaalCapital

NG to enter up trend on weekly chart, buy on dips

Long
Natural Gas Futures (MCX:NATURALGAS1!)  
TrikaalCapital Updated   
MCX:NATURALGAS1!   Natural Gas Futures
Chart Patterns Technical Indicators
14
0
chartpattern indicator
Both indicators - stochastics and VI, are strongly oversold on weekly chart and there is a clear bullish wedge pattern. NG may touch 200. Buy on dips. Right now at 161 is a buy.
Trade active:
NG is now near a very long term support near 130. From its current price of 142, it cannot go down much, a good buy now. It is a buy opportunity on every dip. Long term trend will be bullish. It can cross 200 in next few months.
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