Natural Gas go hand in hand both in international market as well as Indian market. Here we present natural gas Elliott Wave Analysis. It is showing a 5 wave decline as wave A and again will go up for a three wave B, then again come down in a C wave.
You can correlate this chart with MCX Natural gas. Both are the same. Hope it will enlighten your commodity...
Intra Day Suppoet (1) for 13/05/2021 218.40
Intra Day Support (2) for 13/05/2021 218
Intra Day Support (3)for 13/05/2021 217.40
Trading Range for 14/05/2021 is 215-221
Intra Day Resistance (1) for 11/05/2021 215.60
Intra Day Resistance (2)for 11/05/2021 216.10
Intra Day Resistance (3) for 11/05/2021 216.90
Trading Range for 11/05/2021 is 219-212
Natural Gas Intra Day Technical Levels for 10/05/2021
Intra Day Support (1) 216.90
Intra Day Support (2) 216.10
Intra Day Support (3) 215.60
Intra Day trading range for 10/05/2021 220-212
Price as discussed ( check related ideas) took support from the trend line and reached the resistance level 2.800 once again, expecting the price consolidate here and break this resistance levels to reach 2.900 levels which is the actual target for this pattern -> Flat top falling bottom.
