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Natural Gas

Short in Natural Gas for the target for 1.600 to .1570The price is taking considerable resistance against the dynamic resistance/trend line. A strong price rejection can be seen in 4 hours time-frame. This could attract more sellers or even make the existing buyers to change side. Overall a channel is formed. However, we can see more or less similar volume of buyers and sellers during both corrective and impulse waves. The fib extension value comes around 1.565 zone. However its recommended to exit during the first opposing force (buying pressure) which can be expected around 1.600 to 1.570. CMP 1.730 Note: Kindly do your analysis before taking any entries and the above is purely for educational purpose only.
NShort
by StudyingtStocks
Long in Natural Gas (Short-term) till 1.825 to 1.850Ascending triangle pattern is seen in NG (like in crude yesterday), this implies buyers are in control. The price comfortably closed above the triangle's top (1.730 zone). Buyers can push the price higher from here till next supply zone of 1.825 to 1.850. Post which they would take a breathe or rest - will be decided later. As of now, its a temporary buy. Carrying this trade over night is not recommended. Sticking to intraday is advisable. Note: This is purely for educational purpose only, please do your analysis before taking any trades.
NLong
by StudyingtStocks
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.78). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NGAS 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 52. Take Profits: TP1= @ 2.02 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity_EU
3
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURAL GAS 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 51. . While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased. Take Profits: TP1= @ 2.09 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity_EU