Natural Gas
Natural Gas FUT - CMP: 242This commodity has given Triangle Pattern breakout on the longer time frame, Also given CUP-N-Handle breakout on smaller time frame. Expected positive movement ahead. We can expect price movement up to 275 in the near term.
Natural Gas Intraday Support and Resistance For 20/05/2021Intraday Support (1) For 20/05/2021 218.20
Intraday Support (2) For 20/05/2021 217
Intraday trading range For 20/05/2021 214-222
Natural Gas Intraday Support - Resistance Levels For 18/05/2021Intra Day Support (1) for 18/05/2021 226
Intra Day Support (2) for 18/05/2021 222.90
Intra Day Support (3)for 18/05/2021 222
Trading Range for 18/05/2021 is 232-217
Natural Gas Intraday Support - Resistance Levels For 17/05/2021Intra Day Resistance (1) for 17/05/2021 219
Intra Day Resistance (2) for 17/05/2021 217.70
Intra Day Resistance (3)for 17/05/2021 216.80
Trading Range for 17/05/2021 is 222-215
Natural Gas Intraday Support - Resistance Levels For 13/05/2021Intra Day Suppoet (1) for 13/05/2021 217.60
Intra Day Support (2) for 13/05/2021 216.50
Intra Day Support (3)for 13/05/2021 215.90
Trading Range for 13/05/2021 is 214-219
Natural Gas Intraday Support - Resistance Levels For 12/05/2021Intra Day Support (1) for 12/05/2021 215.70
Intra Day Support (2) for 12/05/2021 214.10
Trading Range for 12/05/2021 is 220-211
Natural Gas Intra Day Technical Levels for 10/05/2021Natural Gas Intra Day Technical Levels for 10/05/2021
Intra Day Support (1) 216.90
Intra Day Support (2) 216.10
Intra Day Support (3) 215.60
Intra Day trading range for 10/05/2021 220-212
Natural Gas Intraday Support - Resistance For 07/05/2021 Natural Gas Intraday Support - Resistance Levels and trading Range For 07/05/2021
Intra Day Resistance (1) for 07/05/2021 216.30
Intra Day Resistance (2)for 07/05/2021 217.60
Trading Range for 07/05/2021 is 221-214
Natural Gas Intraday Support - Resistance Levels for 06/05/2021Intra Day Support for 06/05/2021 217.80
Intra Day Resistance (1) for 06/05/2021 218.70
Intra Day Resistance (2)for 06/05/2021 219.20
Trading Range for 06/05/2021 is 222-215
Intra Day Support and Resistance for Natural Gas For 5 May 2021Intra day Trading Range 223 - 217 for 05/05/2021
Intra Day Resistance (1) 219.60 for 05/05/2021
Intraday Resistance (2) 220.40 for 05/05/2021
Intra day Support (1) 218.90 for 05/05/2021
Natural Gas Intraday Support and Resistance levels for 04/05/202Natural Gas Might face resistance at 219.80 levels. it is having good support at 218.90 and 217.50 for 04/05/2021
Natural Gas - 15min Time frameLikely to move ahead in the channel after taking lower trendline support.
NG-Seems a shorting opportunityNatural Gas shorting around CMP
SL above today opening.
TGT near trendline around 3 points - will update if needed
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
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.
Bullish Falling Wedge spotted Wait for the breakout to enter long for intraday only. 2:1 reward ratio.
Natural Gas ShortEntry: around CMP(198.8) - I will add one more lot at 199.1-199.2
SL: 200
TGT: 195.5
