MCX - Natural Gas Futures probable price movement
Price is showing reversal of trend at 4H time frame. It has made HH - HL to move upwards.
A further break of trendline may give further push to the price and the trend.
If the trend is confirmed, it may quickly move up to hit the next target as mentioned in the chart.
This analysis is purely based on the price movement of NG - Futures.
Note: 29/03/2021 is a holiday and the MCX exchange is open only in the evening. So this idea may not pan out immediately. Any further changes will be updated accordingly.
A further break of trendline may give further push to the price and the trend.
If the trend is confirmed, it may quickly move up to hit the next target as mentioned in the chart.
This analysis is purely based on the price movement of NG - Futures.
Note: 29/03/2021 is a holiday and the MCX exchange is open only in the evening. So this idea may not pan out immediately. Any further changes will be updated accordingly.
Trade active:
Price has mad a big move breaking the trend line and the entry price of 192.
Can move further up after a small reversal to hit the target.
Can move further up after a small reversal to hit the target.
Trade closed: target reached:
Target reached.