Natural Gas has fallen 60-70% from the upside
Now NG is near long term support which is coming around 110-120
One should not miss this opportunity to BUY
Also RSI is also near to its weekly support
It is double confirmation from price wise and also from Indicator wise.
We can expect prices to rise upto 220-240 levels.
YES, That's almost 100% from...
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.
MCX:NATURALGAS1! natural gas to move upside if gives green closing today, 3 possible targets as market on the chart , as long as natural gas stays above 235, dont short.
MCX:NATURALGAS1! ng is moving along with parallel channel currently near important buy level if breaks out of channel and sustains above fresh sell zone then ng can change direction once again.
Pretty simple chart which shows the flag pattern being formed in the natural gas. It is just breaking out. Looks like there is a lot more to come in this commodity. This is also after forming an inclined head and shoulder reversal on the hourly timeframe. Makes it a high probability setup to trade.
Natural Gas has broken out from the head and shoulder reversal pattern on the hourly timeframe. On the daily as well it seems to be forming a reversal pattern and hence the longs have a good chance of succeeding in this environment. Moreover it looks like the previous move was more of a correction rather than an impulse move down. Stops below the right shoulder...
Natural gas has been rallying over the last week and it has broken above some key pivot levels, in this video I discuss the key level and what the potential entry point can be for the commodity when it corrects further and the potential upside target. Coupled with the fact that this commodity is also below the long term mean prices mean that the long trade has a...
Natural gas has formed a reversal pattern on the hourly charts and is now breaking out above the resistance level which can set the stage for a sharp rally in the commodity.
Natural gas is trading above resistance levels and using the key levels we can say that the longs now with the stops below the key pivot level of 2.3000 will work out well. Target can be around 2.4300 for today as that is the next resistance level which has held earlier as well.
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 -...
MCX:NATURALGAS1! NATURAL GAS is at yearly to minthly buying / support zones, can commense major trend reversal on monthly, quarerly and yearly time frame, major s/r levels till 278 targets have been marked along with s/r level till 129 if doeas go downside.
respect the zones and trade only if you know how to trade the support/resistance areas effectively.
Hello Friends, here we had shared possible Elliot wave counts of NaturalGas on weekly time frame to daily, 4hourly and hourly time frames which seems aligned with each other, so the conviction increases.
Well, on weekly time frame it seems that post impulse move, currently we are unfolding correction which is already at werge of completion, after A,B we are now in...
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
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 -...
