Long bet on NATURAL GAS?

Jan 31

Natural Gas is currently trading in a support zone of 170.

It is a long term support zone and CMP is 172.

Long position can be taken at CMP and more can be added around 168-166 levels with Stoploss below 162.

Targets can be 192 & 210.

I'm expecting the gap to be filled which was created some days ago because of panic selling & news flow.

I've created long position in futures. This is my analysis and not buy/sell recommendation.

Feb 1

Trade active

CMP 179

My long position still active.

Feb 2

Trade active

CMP 172.20

Feb 6

Trade active

CMP 173.50

Consolidating in a narrow range which is good. The more it consolidates, bigger will be the breakout.

My long position is still active.

Feb 7

Trade active

CMP 168.40

Adding more position here.

Strict SL 161.50 in place.

Feb 9

Trade closed: stop reached

SL reached.

Closed my long position.