MCX:NATURALGAS1! down targets for natural gas today
natural gas future trade : long buy call @ 147 above sl @ 142 target 1 @ 160 target 2 @ 165 note : this information is for education only
Natural Gas - COT reports turning Bullish. Waiting for DAILY Momentum to turn positive and Daily Close above 3.000. NG has potential to touch 4.4 in coming weeks and months. I will be looking for Buying Opportunities on 240/60 Mins TF after it does that.
Attached: Natural Gas Mini Futures Hourly Chart Live - Morning Star Candlestick Reversal Pattern activated - Bounce off 200 DEMA (black line) - Breakout from Wedge - Price action can be Channelized suggestive that the Fall was a Corrective and not an Impulse - So W3/ WC upside to play📈 1st Target on Upside = 223 2nd Target on Upside = 229 SL can be based on...
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green -...
Please Read my commentary on Chart Natural Gas - With Bullish COT repots, NG has now the potential to touch 4.4 in coming weeks and months. I will be looking for "Buying Opportunities" on 240/60 Mins TF If Daily closes above 3.1 (On Friday, it just missed that) it will give additional strength to this view
Natural gas forming ab=cd harmonic pattern with shark harmonic pattern . that pattern indicate =BUY natural gas between 221-19 add more 195.9 two days closing 168 below target 403-574-801 we kept two days closing stop loss just bcoz of weekly time frame.. above 247 closing will take sharp move for 300-403 around 403 should partial booking can consolidated or...
In natural gas despite of record production in US, its inventory comes negative. NG has created positive RSI divergence in 4 hr chart from 3 Jan 2023 and trading in downward parallel channel which shows, if it can break this downward channel than it can directly touch 5-5.6USD. This is for learning and education purpose, do not take as trade advice.
NG still trading with a Bearish Bias, although the downmove seems exhausting. So better to tighten sell stops and avoind going Long for now. Commentary on Charts
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green -...
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. (Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take...
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. (Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take...
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. (Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take...
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. (Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone). If any doubt for take...
There are multiples Head and Shoulder pattern seen in Natural gas in Daily and Weekly timeframe make us feel bearish below 436
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. (Color code for horizontal lines: Red - Sell, Green - Buy, Blue - targets, Black - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not...
Another shorting opportunity MAY develop in NG. Read my commentary on Charts for details
I have Provided the Commentary On Charts. Please go through it.