Natural Gas
Natural Gas, Next Major Support too far awayNatural gas if stays below the tendline can retest it's previous lows. Keep an eye
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
Short NGNG 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.
Entry: 3.064
Stop Loss: 3.1
Target 1: 2.997
Target 2: 2.957
Disclaimer:
This is the study based on my view. I can be wrong. Please apply your own study for entry, exit & stop loss.
Natural gas levels for 4-10-2020Hi,
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 red i.e. Base line price can break cloud which is acting as resistance from several days can see good uptrend in upcoming days.
All analysis done on technical indicators and volume. kindly take is as learning.
Thanks for the reading my post.
NATURAL GAS REACHED DAILY HIGH LIKE I SAID IN PREVIOUS POSTGiving 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
NATURAL GAS TAKING OUT RETAILERS AND MOVING TO DAILY LIQUIDITYAs a retailer you would have been probably stopped out below the support that i have marked below as a blue line.
In reality it was a well planned move to the upside.
Bullish Gartley Natural Gas Natural gas current month......bullish gartley
Buy range 185- 188
Target 202
Trailing Stop
Triangle pattern with target levels 2.900. Looking into higher time frames it is cleat that Price formed Flat Top and falling bottom pattern and currently it is moving towards the resistance levels that is the Flat top 2.900 levels.
At present price is forming a triangle pattern and it is rejecting and taking support exactly on the lines.
Wait for the price to reach the trend line and get into the trade if you are aggressive else wait for the break and enter the market.
