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.
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.
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...
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.
Midterm forecast:
While the price is above the support 5.194, resumption of uptrend is expected.
We make sure when the resistance at 8.176 breaks.
If the support at 5.194 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 43 is not broken, the probability of price decrease would be too...
Hi
From the chart and the MACD we can see that...
1 Hour Macd is on the verge of breakdown and also as of now , we are near resistance...
So there is high chance of getting a sell.
Even the 15 mins chart is showing a sell.
We can safely keep a small SL and wait for the target near Pivot.
Midterm forecast:
4.160 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 4.160 is broken.
Technical analysis:
A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights is expected.
Price is above WEMA21, if price...
Midterm forecast:
3.400 is major support; while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades if the Midterm level 3.400 is broken.
Technical analysis:
While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
A trough is formed in the daily chart at 3.730 on 08/19/2021, so more...
Midterm forecast:
While the price is below the resistance 3.000, beginning of downtrend is expected.
We make sure when the support at 2.250 breaks.
If the resistance at 3.000 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 52 is not broken, the probability of price increase would...
Midterm forecast:
While the price is above the support 1.400, beginning of uptrend is expected.
We make sure when the resistance at 2.250 breaks.
If the support at 1.400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented price from more losses.
While the RSI...
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...
