NG1! trade ideas
Natural Gas - Intraday View(7th Dec)In Support zone, overall trend is bearish so one can scalp few points here on buy side
BTST-WEEKLY : MCX NATURALGAS BUY AT 186-186.50 CBSL 178 TGTS 206Price is Taking Channel Support and Very near to MSP
Natural Gas - Disjoint channel patternPrice formed disjoint channel pattern and currently trading near the important support levels. One can absorb that the price is falling big and retraces to fall big and then again retraces - this is the pattern running through in this script. As the price is trading near the important support level one can wait for the price to move away from this place and initiate the trade accordingly.
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Short Natural Gas for a target of 2.137A 38.2 % Fibonacci retracement suggests the chart to reach 2.137.
Short below 2.414 for a target of 2.137 and Stop loss of 2.465
INTRADAY BUY ENTRY LEVELIT CAN BE ENTERED NEAR 211.8 LEVEL WITH 210 AS SL, TARGET AS COMFORT AND WITH TRAILING STOP
Natural Gas, Next Major Support too far awayNatural gas if stays below the tendline can retest it's previous lows. Keep an eye
Descending triangle breakout and base formation, Buy above 227.5Descending triangle breakout and base formation, Buy above 227.5
T1- 230.5
