This is a monthly timeframe analysis . After a Triangle Breakout, it hit the target and now retracing for the next movement . Levels $5-$6 acted as crucial support from the month of June . For further up move we can expect the price to consolidate some time and retest the demand zones (Support Zone Order Block) for a further up move . It might or not take a 3-4...
Natural Gas, wave 2 of some lower degree is possible completed now, and now at same degree wave 3 may unfold next, with invalidation level of wave 1's low, which is pegged at $ 6.426
If it breaks low of wave 1 ($ 6.426) then it may be invalidate our current bias.
Most investors treat trading as a hobby because they have a full-time job doing something...
A new impulsive structure has emerged from the low of 265.5 in natural gas. Price has accomplished wave (5) and started the zigzag correction at 801.
Currently, Natural gas is forming sub-wave 5 of impulsive wave C. Natural gas has also broken down 200 EMA and the base channel of 2 – 4 wave, which signals bearish momentum. It has faced strong support of ...
This is a weekly chart of Natural Gas - on MCX.
Weekly Macd is above zero line.
Holding recent lows, cud trigger a good upside in NG in coming days/weeks.
Probable target is around 750. SL for the trade would be around 450/435.
CMP - 501.
It seems a disaster for european countries is on its way in coming weeks. if this stands true.
Natural gas formed a double top on 1hr chart now it is trying to go its previous low and she can see that level in the upcoming days.
Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
Natural Gas is looking good to go long as per wave structures suggesting impulse to unfold, with invalidation levels of $ 6.725.
RK's mass psychological cloud is also suggesting positive ahead, along with macd positive support.
Natural gas had given trendline breakout along with good intensity of volumes on hourly chart.
After positive divergence, breakout with...
Natural gas futures in MCX and NYMEX is touching new highs day by day and may create temptation for derivative traders to sell and hold by looking at the premium in price. Price may stay higher for quiet some time and may touch 900 in MCX. Fundamental factors and political stress are supporting NG price at this moment. So short term buying is better preferred and...
A similar pattern can be seen in the Daily time frame as well. A basic estimate says that the target should be achieved by early November i.e. onset of Winter when the demand will begin to peak (common sense ;)).
This looks likely until Russia opens up its heart (read supply).
Natural gas is given the Inverse Head and Shoulder pattern. Price broke out from the neck line and has retraced. This pattern will become more sustainable and powerful if we see another rally on the upside thereby confirming the greater chances of successful completion of the pattern. Fundamentally, natural gas prices are bound to go up given the shortage of it in...
Plot the the levels in your chart. Draw fib level from support and resistance . Please refer chart for fib level. Fib level range should be 9 am to 11:30 PM.
If price crosses fib trendline(Dash line) will consider as upside break out. If price reject from there will consider to fall below.
if one support or resistance line broken maximum target will be 1.272 or...