XNGUSD - Natural Gas SHORTNatural Gas - Reverse from resistance line
Next target will be 3.170
Keep stoploss at 3.3.50
Good Luck, Traders!
Natural Gas
Natural Gas - Swing trade #LONGNatural Gas - Reverse from support line
Next resistance will be at 3.170
If R1 breaks, we can expect a big rally towards 3.575
Keep stoploss at 2.920
Good Luck, Traders!
#Naturalgas important levelsMCX:NATURALGAS1!
This chart shows an analysis of Natural Gas Futures and gives us an idea of
where the price might go next:
1. Resistance Zones: There are areas around 283 and 287.5 where the price
struggled to go higher in the past. These are levels where sellers might
come in again.
2. Support Zones: The price has strong support at 271 and 267.4, which are
areas where buyers stepped in before to stop the price from falling
further.
3. Downward Trendline: The price is generally moving downward, shown by
the slanted line. If it can break above this line, it might signal the start of
an upward move.
4. Two Possible Scenarios:
Upward Move: If the price goes above the resistance and breaks the
trendline, it might head toward 287.5.
• Downward Move: If the price doesn't hold above support, it might
drop back to 267.4 or low
In simple terms, traders are waiting to see jf the price breaks above the
resistance (good for buyers) or falls below support (good for sellers) to decide
the next move.
NATURAL GAS BULLISH VIEWNatural Gas Bullish View.
Weak Below 465 on CLB.
Ready For Upside 300-310+
For Educational Purpose only.
Natural Gas Futures Breakout: Key Levels to Watch Above 250 INRThis chart shows the weekly price action for Natural Gas Futures on the MCX (Multi Commodity Exchange) with some key technical indicators:
Analysis:
Trendline Breakout: The price has successfully broken out of the symmetrical triangle, signaling a potential bullish reversal. A breakout from this pattern often leads to further upward movement, especially if it’s supported by strong volume.
Key Resistance Levels: With the price near 250, it’s approaching the next resistance levels at approximately 254 and 278. If these levels are surpassed, the next target could be around 305 INR/MMBtu.
Volume Confirmation: The volume is relatively strong, adding credibility to the breakout. A sustained increase in volume would reinforce the bullish outlook.
Trade Plan for Natural Gas Futures:
Entry:
Enter around 250 INR after the breakout confirmation.
Targets:
Target 1: 278 INR
Target 2: 305 INR
Stop Loss:
Set a stop loss below 240 INR to limit downside risk.
Risk Management:
Consider booking partial profits at 278 INR and trail stop to breakeven.
This trade plan is built on the breakout with targets at 278 INR and 305 INR, while managing risk with a stop loss below 240 INR. Watch for volume to confirm momentum, and adjust your stop or book profits as key levels are reached.
NATURAL GAS 1D TIMEFRAME PROJECTIONNATURAL GAS 1D TIMEFRAME PROJECTION
it’s bullish because of russia - Ukraine Conflict.
russia has worlds highest natural gas resources. something big happen with russia.
natural gas longNatural gas has been in an uptrend on the daily charts for a while and after some correction on the daily time frame it has broken put from a head and shoulder reversal pattern on the hourly time frame. It is now re-testing the neckline support. This is a great entry point for a long in the commodity to capture the trend on the longer term time frame with a reasonable stop loss at the low below the right shoulder.
MCX Natural Gas Analysis for medium termMCX:NATURALGAS1! looks bullish.
If we look at the daily chart carefully, we will see it retraced a lot and tested 125. Then it is mostly a range bound from 140 to 280.
Now this 280 level is also the 23% Fib retracement level.
Around this level the price hits already 5 times, after breakdown almost one and half year back. However this time it has created a W pattern. (or one can say a rounding bottom pattern).
After testing the 280 level in one week back, it retraces back a bit and most likely creating a nice Cup and Handle pattern.
Here are the expectations:
NG will test 280 level once more.
After that if it able to brakes it out 280, it will go to test the next resistance.
The next resistance is 400 level, positionally.
Also fundamentally, per the estimation of International Energy Agency (IEA) Global Gas Security Review, the Natural Gas demand is forecasted to rise by over 2.5 per cent in 2024, with similar growth expected in 2025. And it will be steady for next few years even with 1.5 degree Paris Weather convocation.
So stay alert. Above 280 sustains means it's a Buy on Dip on Natural Gas. Till then: Wait and Watch.
A inverse HEAD & SHOULDERS Set-up - NATURAL GAS MCX:NATURALGAS1!
Good to long above 189. (Wait for 5mint candle to close above our Entry level)
Support (SL):- 184
Targets :-
Level 1, 193
Level 2, 195
Level 3, 197
Achievable targets are mentioned in chart as well
👉🏻thetradeforecast 🇮🇳
Natural Gas LongAfter multiple attempts, Natural Gas is getting ready for an upward move. If it sustains above 190, it could move till 202-209.
Trade with a stop loss at 185.
Only for educational purposes.
Natural Gas LongAfter multiple attempts, Natural Gas is getting ready for an upward move. If it sustains above 190, it could move till 202-209.
Trade with a stop loss at 185.
Only for educational purposes.
Bullish trade in Natural Gas ! Favourable Risk RewardNatural Gas is looking bullish for today
It is a buy above 185 and sl to 15 min swing low to a good target of 187/188++
It could be a high risk to reward trade and must be taken by beginners
Bullish Trade In Natural Gas - Dont Miss This !Natural gas has given a good breakout above 180.5 with a sl of 179 target minimum target of 183.5 and 185.
A low sl with good risk to reward of 1:3 is a must take trade for new traders
BEARISHNESS IN NATURALGASNatural gas is looking weaker and can make a new days low soon with the first target of 168
NaturalGas Crucial level Analysis Side base range: 131.6-159.5
currently It's trend is downtrend and 163 level is very crucial .if day closing below this range then it will be in side base range.
Gas on GrowthOil and natural gas Prices are getting Hotter due to geopolitical instability.
Gujarat Gas is one of the beneficiary during this time and look at the chart it looking charming we might see the upside upto 595 in very short times and 620 further.
Educational purposes only there is involvement of risks of geopolitical and global events. so make your investment and risks carefully.
Natural Gas Long Trade Setup !TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk : Reward: 5-6 times.
natural gas futurenatural gas future
trade : long
buy call @ 147 above
sl @ 142
target 1 @ 160
target 2 @ 165
note :
this information is for education only
Naturalgas important levelsMoving inside a channel. Near term fundamentals doesnt favor sudden huge upmove but can move till the last downward breakout line before consolidating for the next upmove.
Real positivity is the increased demand for electricity generation which is happening and if thats the case with good summer heat, can see 250 by may or june itself.
Long Position in Natural GasNatural Gas has broken important support zone of 160-165 this week & now trading at 135.
Natural gas is approaching its next major support zone of 128-120
CMP is 135 & I'm opening long position in futures. I'll add more position if 125-126 comes.
SL would be below 119
Targets I'm expecting are 158 and 167 which was support zone before & now a resistance.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Natural Gas is getting ready for 100% move on the upsideNatural Gas has fallen 60-70% from the upside
Now NG is near long term support which is coming around 110-120
One should not miss this opportunity to BUY
Also RSI is also near to its weekly support
It is double confirmation from price wise and also from Indicator wise.
We can expect prices to rise upto 220-240 levels.
YES, That's almost 100% from current prices.
#NATURALGASNatural Gas started its impulsive wave from 22 june 2020 and complete a 5 wave stucture on 6june 2022.
After that it form a flat correction from june - October and then after form a X wave and now it continues in a zigzag correction whose A & B wave are complete.
Now it in C wave that has same corrector as a impulsive wave .
So go on short on every rise with stoploss of end of 2 nd wave (3.03)
This view is on weekly basis.
Long bet on NATURAL GAS?Natural Gas is currently trading in a support zone of 170.
It is a long term support zone and CMP is 172.
Long position can be taken at CMP and more can be added around 168-166 levels with Stoploss below 162.
Targets can be 192 & 210.
I'm expecting the gap to be filled which was created some days ago because of panic selling & news flow.
I've created long position in futures. This is my analysis and not buy/sell recommendation.
