Naturalgas downtrend movement potential with risk:reward 2.9 Naturalgas downtrend movement potential with risk:reward 2.9
Symbol:Natural gas
Time frame:15 minutes
Analysis: After breaking out from the range, the natural gas price rallied up, and now the price is again coming inside the range. So, we can expect downtrend movement of natural gas if and only if MACD value crosses below zero. SELL at 2.13 with stop loss of 2.30 and the target is 1.860 .
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Naturalgasforecasttoday
Natural Gas Support and resistance level for 24.08.2022Plot the the levels in your chart. Draw fib level from support and resistance . Please refer chart for fib level. Fib level range should be 9 am to 11:30 PM.
If price crosses fib trendline(Dash line) will consider as upside break out. If price reject from there will consider to fall below.
if one support or resistance line broken maximum target will be 1.272 or 1.1618 fib level. Moving above 1.618 fib level is very rare scenario.