Long Position in Natural Gas

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!

Trade active:

Still trading at 133-135

Trade active:

CMP 128.50

Adding more position here.

Trade active:

CMP 130

Long position open. My Average buying price is 132.

Trade active:

CMP 141.7

NG 8% up!

Trade active:

CMP 143.60

9% in profit.

Trade active:

CMP 147.70

12.4% in profit.

Trade active:

CMP 153

16.5% in profit.

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.

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.

:)