2.198 at Level 1, 1.522 at Level 2. Natural GAS still little fall can be excepted before to big move, very less chance to recover in this February month contracts, all call options may become zero again like December and January CALL options. So, the March futures contract is the best choice for long-term holdings.
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 -...
The chart seems to suggest that there would be a potential breakout from the current position. Best would be to wait for a confirmation at the close of the 4 hr timeframe.
Natural gas has completed the impulsive cycle at 801 and started collapsing to form the corrective process. In this corrective cycle, the price has accomplished the corrective wave B and started constructing wave C of normal zigzag correction. There are two reversal points for natural gas: 1) Wave C can occur near wave (4) 2) wave C can accomplish its...
In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- Timeframe : MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C,...
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. (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...
As you can see clearly, Natural Gas is going for Head & Shoulder Breakdown and can CRACK heavily
NATURAL GAS FUTURES An ascending triangle is a technical analysis chart pattern that occurs when the price of an asset fluctuates between a horizontal upper trendline and an upward-sloping lower trendline.
NATURAL GAS is now trading near 6.3 level which has acted as a strong support multiple times. The support has been highlighted in the Image in red circles. If NG makes a rejection from 6.370 level and then gives a close above 6.840 we can initiate a BUY/LONG position with FIRST TARGET as 7.190, SECOND TARGET as 8.090 and THIRD TARGET as 9.630. STOPLOSS can be kept...
Hello, This is a weekly chart of Natural Gas - on MCX. Weekly Macd is above zero line. Holding recent lows, cud trigger a good upside in NG in coming days/weeks. Probable target is around 750. SL for the trade would be around 450/435. CMP - 501. It seems a disaster for european countries is on its way in coming weeks. if this stands true.
Buy Natural Gas above the marked Line. SL 2-3 points, target 5-10 points.
Natural gas Buying and Selling Zone Marked. Plane Long Trade When it touches the demand zone, and Plan Sell trade when it touches the supply Zone. MCX:NATURALGAS1!
NATURALGAS has almost completed wave B of wave 2, possibly next wave C is ready to start unfolding soon, which can be confirmed by breaking support trendline, which could be aa good trigger point, Once it breaks support trendline then it can slide towards south directions near $ 7.500 zones, where wave C can complete equality with wave A. Negative divergence in...
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.
buy on dips for the target of 9.525 any dip will be the buy opportunity and support will be treated as a stoploss as of now keep the position light
NG now needs some caution on upside, but Momentum is still Solid on Upside. Read My Detail Commentary on Chart.