Long Position in Natural Gas

Feb 15, 2024

Natural Gas has broken important support zone of 160-165 this week & now trading at 135.

Natural gas is approaching its next major support zone of 128-120

CMP is 135 & I'm opening long position in futures. I'll add more position if 125-126 comes.

SL would be below 119

Targets I'm expecting are 158 and 167 which was support zone before & now a resistance.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

Feb 16, 2024

Trade active

Still trading at 133-135

Feb 19, 2024

Trade active

CMP 128.50

Adding more position here.

Feb 20, 2024

Trade active

CMP 130

Long position open. My Average buying price is 132.

Feb 21, 2024

Trade active

CMP 141.7

NG 8% up!

Feb 21, 2024

Trade active

CMP 143.60

9% in profit.

Feb 22, 2024

Trade active

CMP 147.70

12.4% in profit.

Feb 28, 2024

Trade active

CMP 153

16.5% in profit.

Feb 29, 2024

Trade closed: target reached

CMP 157.20
Closing my trading position here.
20% move captured.

although it can still move till 165 but 20% is enough for me so closing here.

Mar 4, 2024

Trade closed: target reached

CMP 165

Although I closed my position at 157-158 after capturing 20% move.
All targets of my analysis hit today. 26% move captured overall.

:)