NGASX2025 trade ideas
NATURAL GAS 1HTechnical Analysis of Natural Gas based on harmonic pattern and on support resistance.
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis . This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
NATURAL GAS 1HTechnical Analysis of Natural Gas based on harmonic pattern and on support resistance.
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis . This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
Short term Natural Gas View as per Elliot wave analysisNatural Gas is in consolidation for a while after continuous drop. Initial price action shows flat correction ABC wave. Right now we may be in wave B.
Internal Wave count of ABC is having 3-3-3 wave structure. We are in b wave of Wave B. It is expected to be completed around 544.
Wave c of Wave B will go towards 400 as shown.
Please let me know if anyone is having different opinion with background explanation.
Natural Gas - Short term ViewHello,
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.