NaturalGAS will reach 2.2 before rallying upside.
IN 4 hour chart, the breakdown happened on the downside and we can expect a target of 2.2 before rallying up side .
Plot 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...
Intra Day Resistance (1) for 17/05/2021 219
Intra Day Resistance (2) for 17/05/2021 217.70
Intra Day Resistance (3)for 17/05/2021 216.80
Trading Range for 17/05/2021 is 222-215
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
Natural Gas Intraday Support - Resistance Levels and trading Range For 07/05/2021
Intra Day Resistance (1) for 07/05/2021 216.30
Intra Day Resistance (2)for 07/05/2021 217.60
Trading Range for 07/05/2021 is 221-214
Intra Day Support for 06/05/2021 217.80
Intra Day Resistance (1) for 06/05/2021 218.70
Intra Day Resistance (2)for 06/05/2021 219.20
Trading Range for 06/05/2021 is 222-215
Intra day Trading Range 223 - 217 for 05/05/2021
Intra Day Resistance (1) 219.60 for 05/05/2021
Intraday Resistance (2) 220.40 for 05/05/2021
Intra day Support (1) 218.90 for 05/05/2021
Midterm 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...
NG Positional Buy trend starts once it close above 2.180, on short-term target of 2.250, on medium term 2.310... keep stopl-loss if closes day's below 2.116
