Natural Gas
Natural Gas AnalysisThis analysis is based on Breakout retest and Diversion in Price and RSI
I have seen this 1 hr of time frame whenever diversion is there after breakout a consolidation will happen
and same thing might get repeat here so small correction and then distribution will get start.
Upside is limited.
Commodity are cyclic in nature.
SL 391
Target would be below 370
Natural Gas 50% Upmove Coming ???Explosive Move Coming In Natural Gas
7 Years Long Trend Line Breakout On Monthly TF
If NG Get Close Above 4$ This July Month End
Than Buy It
Add More If Price Drops To 3.5-3.6
SL - 3.40 (Weekly Closing Basis)
Target - 6$
NATURAL GASNatural gas has given breakout from ending diagonal pattern with good intensity of volume,
one can go long at these levels or in dips (if any) with stoploss of 283 for targets of 295, 302, 308 and 313
breakout structure
macd positive croosover
rsi scenerio
rsi divergence
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
Natural GasStrategy : Sell on rise near green price line...
Bears active below red price line....
trading levels marked and well defined...
Happy Trading.....
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Natural Gas - 250 or 320 next week ??Natural gas is at crucial levels.
Rising wedge formation can be seen on weekly TF.
2 Doji weekly candles can be seen at resistance levels, if breaks 284 on daily candle close then can expect more upside, else looks probable to come down to 250 levels
P.S. Wait for Daily candle close breaching 260(downside) or 284(upside)