Natural gas levels for 4-10-2020
Hi,
Time frame- 30min for good trend decision and clarity of trade.
RSI is moving above 45 and will cross 50 soon
The level is decided on fib level and Ichimoku conversion and baseline, as per current trend the support has taken on previous dynamic level i.e. 179.5
also conversion line is showing upside and price is above blueline i.e. Conversion; closing above red i.e. Base line price can break cloud which is acting as resistance from several days can see good uptrend in upcoming days.
All analysis done on technical indicators and volume. kindly take is as learning.
Thanks for the reading my post.
Time frame- 30min for good trend decision and clarity of trade.
RSI is moving above 45 and will cross 50 soon
The level is decided on fib level and Ichimoku conversion and baseline, as per current trend the support has taken on previous dynamic level i.e. 179.5
also conversion line is showing upside and price is above blueline i.e. Conversion; closing above red i.e. Base line price can break cloud which is acting as resistance from several days can see good uptrend in upcoming days.
All analysis done on technical indicators and volume. kindly take is as learning.
Thanks for the reading my post.
Trade closed: target reached:
190 reached tail to 192 an above now
Trade closed: target reached:
197 achieved closed from my end will update fresh entry and short tomorrow