NG now needs some caution on upside, but Momentum is still Solid on Upside. Read My Detail Commentary on Chart.
It is very good setup to buy on dip till upper trendline reach. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones to take entry with small stoploss. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
These levels are according to my Calculation.....I will trade only on levels with double confirmation..
We have nice EQL in natural gas below that we have H1 Demand zone, though i have buy bias at H1 demand zone, we also have GAP below that demand zone which is need to be considered. Look for LTF BOS before taking trade
Natural Gas shorting around CMP SL above today opening. TGT near trendline around 3 points - will update if needed Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Short arnd CMP (184.4-184.5) Sl: 1.3 Point TGT: 3.0 Points++
Natural gas started to make the head and shoulders pattern on the daily timeframe. First of all, let's understand some basics about the head and shoulders pattern. Here, it's a bearish head and shoulders pattern. In this pattern, the trend starts with the uptrend and makes the left shoulder, head, and the right shoulder. And after the completion of the right...
we can go for short or safe player can wait for support breakout
NG buyers are getting activated and they may push the price as shown in the highlighted areas ,before the pull down to the final leg towards downside completing WXY pattern.
Ascending triangle pattern is seen in NG (like in crude yesterday), this implies buyers are in control. The price comfortably closed above the triangle's top (1.730 zone). Buyers can push the price higher from here till next supply zone of 1.825 to 1.850. Post which they would take a breathe or rest - will be decided later. As of now, its a temporary buy. Carrying...
As we all know , NG is trading in H & S pattern from so many days. Now final shoulders downward moving wave is about to kiss the neckline of H & S. You can experience huge selling pressure in price movement. Since last 5 trading days , traders use each & every upward move to short. So price will surely touch neckline. We all should cautious, when price will...
The down move is looking exhausted. Look for good long setups on lower time-frames, with strict stoploss