HARMONICSANAND

natural gas : good breakout candidate watch out...

Long
MCX:NATURALGAS1!   NATURAL GAS FUTURES
natural gas : 309.60

trade set up :
1. buy above 318
2. keep stop loss as 292 on closing basis
3. targets 333/359+++
technical buy set up:
1. rounding bottom pattern
2. resistance breakout
3. multiple time frame analysis
4. volume

note :
this commodity index is on the verge of multiyear price breakout .
month on month volume built up is huge too.
inside the pattern it has done a trend line breakout at 290 price level with huge volume .
good bullish structure formation seen near breakout price watch out...
Trade closed: target reached
Comment: all targets done

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