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Natural Gas

GAIL & Natural GAS: Naturally !!GAIL (India) Ltd is India`s flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services. Though the International Natural Gas Prices acts as the LEAD INDICATOR for GAIL Share Prices. Don't take my word for it, go and check out. Now don't ask me mundane questions like what is the Correlation efficient, R sq etc etc. Some work you do.
NYMEX:NG1!Long
by SWFguy
NATGAS Update and New Trading SuggestionMidterm forecast: 2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 2.200 is broken. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 2.500, 2.700, 2.950 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 74. Trade Setup: We opened 10 BUY trade(s) @ 1.94 based on 'previous Forecast' at 2020.07.29 : Total Profit: 313 point Closed trade(s): 109 point Profit Open trade(s): 204 point Profit Closed Profit: TP2 @ 2.00 touched at 2020.08.03 with 6 point Profit. TP3 @ 2.10 touched at 2020.08.03 with 16 point Profit. TP4 @ 2.25 touched at 2020.08.04 with 31 point Profit. TP5 @ 2.50 touched at 2020.08.17 with 56 point Profit. 6 + 16 + 31 + 56 = 109 point Open Profit: Profit for one trade is 2.45(current price) - 1.94 (open price) = 51 point 4 trade(s) still open, therefore total profit for open trade(s) is 51 x 4 = 204 point New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (2.330) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity_ME
11
Petronet LNG: Stock to add to the kittyFundamental positive cues: 1. Indian Govt. news on regulating tariff and facilities of LNG to boost demand 2. Decreased impact on financial performance in spite of lockdown 3. June and July seeing an increase in storage and pipeline utilization in its major sites (Dahej Terminal) compared to April / May 4. Permission granted to open LNG stations across the nation 5. Predicted force majeure wins on account of cancellations Technical cues: 1. Gradual upward move along the lower trend line since the fall in March 2020 2. Big spike of green candle to reach the time tested sticky zone of 272-278 3. Volume spike indicating a strong and sustainable up move 4. MACD in day TF looking for a steep crossover 5. 50 EMA cutting 200 EMA from below. Price > 20 EMA > 50 EMA > 200 EMA whilst all EMA facing upwards. Buy: 270; Target: 300 (Short term) SL: 250 With cluster of positive news and market sentiments positive, it is a good buy even for long run as the company gives regular dividend. Since the stock is good buy and a good addition to the portfolio in the long run, stop loss need not be strictly obliged. However, in case of swing trading with tight liquidity - SL can be placed around 250
NSE:PETRONETLong
by Ram_HumbleIndianTrader
There is a trading opportunity to buy in NATGASMidterm forecast: . While the price is above the support 1.550, beginning of uptrend is expected. . We make sure when the resistance at 2.250 breaks. . If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . Relative strength index (RSI) is 47. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.800) Ending of entry zone (1.700) Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity_EU
5
Don't miss the great buy opportunity in NATURALGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (2.1). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURALGAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 2.340 TP2= @ 2.518 TP3= @ 2.937 SL= Break below S2
NLong
by ForecastCity_EU
12