Eatsleeprepeat

Natural Gas @ Rally

Long
NYMEX:NG1!   Natural Gas Futures
153 views
And also check my last update on NG . After Channel breakout now trading above 161.8%. So will undergo correction till 3.15, so I am adding my long position now and if correct near to 3.15 will add more for the target of 4.5 in short term.

Keep the stop loss near 3.

Comment: At present i'm closing my position and will be waiting for correction to take position. I'm booking small loss. Sorry guys. Certainly will update further details.
Comment: Wow just one minute 3.17 to 3.284. No one can predict this kind of run.

Comments

Not a problem Raj...Thanks.
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Thanks for understanding.
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piptamil Eatsleeprepeat
Hi Raj

Any thoughts on NGAS??

Fail to break 3.15??

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Hi Raj thanks for the chart...Great.
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Thank you piptamil
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Hi,
Price is making higher highs and higher lows which indicates uptrend. Volume show buying pressure. However price is near strong resistance area. Price is near 200 SMA in Weekly. Take weekly and monthly trend in prespective.
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Eatsleeprepeat imdbeststocktrader
Hi,
Agree with you. Since its at strong resistance zone it can come down up to 3.15 but we can't predict the exact level. So i'm adding a position now, even if goes down to 3.15 i'm not seeing any further downward movement below 3.

I accept Stop loss is huge but see the potential upside, its huuuuuggggeee. So i don't mind loosing .27$ (18Rs in MCX) for the upside what i see.
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Eatsleeprepeat Eatsleeprepeat
and today i could not trade in morning times, i missed my entry near 3.2.
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imdbeststocktrader Eatsleeprepeat
I understand your point of view and respect your trade analysis. I would have suggested to wait for atleast one more bullish candle before commiting to the trade because If I am correct price has just broken daily resistance.
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Eatsleeprepeat imdbeststocktrader
Hi sir. Hope now i'm right. But unfortunately i missed the rocket.
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