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...
NG has touched the resistance trend-line of daily time-frame. So the price of NG might fall. So here's my probability study in 4 hours time frame.
Stop Loss: 3.1
Target 1: 2.997
Target 2: 2.957
This is the study based on my view. I can be wrong. Please apply your own study for entry, exit & stop loss.
Time frame- 30min for good trend decision and clarity of trade.
RSI is moving above 45 and will cross 50 soon
The level is decided on fib level and Ichimoku conversion and baseline, as per current trend the support has taken on previous dynamic level i.e. 179.5
also conversion line is showing upside and price is above blueline i.e. Conversion; closing above...
Giving you an idea into how i used instituional order flow to predict exact point where price reached. To all those who commented saying retail is gonna help, no amount of trendlines or macd rsi will help you predict with this precision