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Mcxnaturalgastips

EWT – Is Natural Gas Prepared for a Reversal?In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- Timeframe : MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C, but it is no conclusive evidence that it has completed wave c. When it comes to confirmation, Traders should watch the level of 313 . If the price breaks out the 313 , it will enter into the parallel channel. Traders can buy for the following targets: 321 – 340 – 366 . Don’t forget prices are moving outside the channel, which is a negative point for bull traders. Bearish continuation is possible if the price sustains below wave (4). I will update further information soon.
MCX:NATURALGAS1!
by forextidings
2
NG (MCX): Week of - 26/12/2022Levels: Support: 430, 400, 380, 350 Resistance: 450, 500-520, 550 OI Data (23rd Jan Expiry): Nearest Major Resistance in Crude per OI data: 450 Nearest Major Support in Crude per IO data: 400 Trade setup: 1. Looking at the OI data, most likely range-round is: 400-500 +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 460 | 425 | 500| 525 ----------------------------------------- SELL | < 400 | 425 | 380 |350 +++++++++++++++++++++++++++++++++++++++++
MCX:NATURALGAS1!Short
by pradipandsuvra
MCX Natural Gas Head and Shoulders Trading SetupMCX Natural gas has made head and shoulders patterns on the weekly timeframe. And the two shoulders are overlapping. Sell confirmation is line breakout. Recently, it has broken 200 moving average. If it shows closing price below the neckline and 200 MA consecutively, NG will fall nonstop. X and Y are the formation's size. Here is the value of x 100 and y 74. So, according to H&S formation, it can collapse up to 112 - 86 . Hurdle: 196 Short-term targets: 170 - 168 Long-term targets: 146 - 136 Here are H&S, RSI, MA, and DMI throwing sell signals.
MCX:NATURALGAS1!Short
by freestocktips
Is Natural Gas Ready to Complete a "Head and Shoulders"?Natural gas started to make the head and shoulders pattern on the daily timeframe. First of all, let's understand some basics about the head and shoulders pattern. Here, it's a bearish head and shoulders pattern. In this pattern, the trend starts with the uptrend and makes the left shoulder, head, and the right shoulder. And after the completion of the right shoulder, it falls by breaking the neckline. In this chart, the trend completed the left shoulder, and the head is almost there. And then it will create the right shoulder. It will fall up to the neckline to complete the formation of the head. And the targets to reach the neckline are as following 180 - 175 - 168 . After hitting the neckline, the next step of natural gas will be the right shoulder. As per the rules, the right shoulder can be similar to the left shoulder or, it can be at a higher level than the left shoulder. Because the left shoulder is at 203 , the trend will march again to 203 to make the right shoulder. To reach 203, natural gas will hit 180 - 190 - 200 . And then the trend will take reversal and fall by breaking the neckline. Targets: 195 - 185 - 175 .
MCX:NATURALGAS1!
by freestocktips
MCX Natural Gas Long-Term Outlook - Target 300+According to this chart, MCX Natural gas is further advance. We may see the following levels after a reversal. Targets: 234.6 - 263.9 - 305.6 Intraday traders can run with 20 & 50 MA crossover. And long-term traders should stick with 200 MA to maximize profits. Significant releases or events that may affect the movement of natural gas on Wednesday, Oct 28, 2020 : 02:00: U.S. API Weekly Crude Stock 20:00: U.S. Crude Oil Inventories 20:00: EIA Weekly Refinery Crude Runs 20:00: U.S. Crude Oil Imports 20:00: U.S. Cushing Crude Oil Inventories 20:00: U.S. Gasoline Production 20:00: U.S. Heating Oil Stockpiles 20:00: U.S. Gasoline Inventories
MCX:NATURALGAS1!Long
by freestocktips
1