NG1! trade ideas
NATURALGASNatural Gas trading in range from last 5 days.
542 is looking strong support. Close below 542
expecting BULLISH AB=CD.
buy natural gas for swing buy natural gas for swing trade buy between 560 to 577 sl 539 target 580.590.595.605.615.620.623.628.630. ...... important 610 is major support
Natural gas Buy and Sell Zone MarkedNatural 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!
intraday position sell ngsell ng 572 sl 584 tgt 568.560.555.550.540. trail your sl when your position is positive.
MCX NATURALGASForming Symmetrical Triangle pattern inside ascending channel. Either side break on DCB will decide further movement.
Support & Resistance zones mentioned in chart.
NG head and shoulder NG is formed head and shoulder on daily timeframe closing below 620 it may reach 500 soon
MCX Natural Gas & MCX Crude OilShort trade in MCX Natural Gas & MCX Crude Oil swing levels. All levels mentioned on the chart.
natural gas swing tradeSell natural gas going down in coming 1 month for swing trade at 762 stop loss 775tgt 753 . 744.730.713.705.700
NATURALGASNATURALGAS BULLISH AB=CD.
Resistance = 725.90,
Support = 690.20, 674.20.
............................................
MCX Natural Gas is high but avoid sell and holdNatural gas futures in MCX and NYMEX is touching new highs day by day and may create temptation for derivative traders to sell and hold by looking at the premium in price. Price may stay higher for quiet some time and may touch 900 in MCX. Fundamental factors and political stress are supporting NG price at this moment. So short term buying is better preferred and selling need a confirmation that will be published here on a later time.
Natural gas Cup & handle pattern BONatural gas chart form Cup & handle pattern. It should long CMP 780 for target 860,905 and final target 1085
Inverse Head & Shoulder pattern in Natural Gas - Daily TFA similar pattern can be seen in the Daily time frame as well. A basic estimate says that the target should be achieved by early November i.e. onset of Winter when the demand will begin to peak (common sense ;)).
This looks likely until Russia opens up its heart (read supply).
Inverse Head and Shoulder pattern in Natural gas -1hr time frameNatural gas is given the Inverse Head and Shoulder pattern. Price broke out from the neck line and has retraced. This pattern will become more sustainable and powerful if we see another rally on the upside thereby confirming the greater chances of successful completion of the pattern. Fundamentally, natural gas prices are bound to go up given the shortage of it in European Markets arising due to bottlenecks in production and supply of it from Russia. Hence, this could be a great opportunity to go long once the upside is confirmed.
Note: If prices go below the right shoulder before it goes up, this pattern can be ignored.
Natural Gas Support and resistance level for 24.08.2022Plot the the levels in your chart. Draw fib level from support and resistance . Please refer chart for fib level. Fib level range should be 9 am to 11:30 PM.
If price crosses fib trendline(Dash line) will consider as upside break out. If price reject from there will consider to fall below.
if one support or resistance line broken maximum target will be 1.272 or 1.1618 fib level. Moving above 1.618 fib level is very rare scenario.
Natural Gas Support and resistance level for 23.08.2022Plot the the levels in your chart. Draw fib level from support and resistance. Please refer previous day chart for fib level. Fib level range should be 9 am to 11:30 PM.
If price crosses fib trendline(Dash line) will consider as upside break out. If price reject from there will consider to fall below.
if one support or resistance line broken maximum target will be 1.272 or 1.1618 fib level. Moving above 1.618 fib level is very rare scenario.
NATURALGAS ELLIOT WAVE COUNTSNATURALGAS 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 both rsi and macd on hourly time frame
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
NATURAL GAS NATURAL GAS is on its all time high resistance
2 possibilities here
1) forming cup and handle so if breakout happen we are are going for long on conformation of retest are targets will be 800-850
2) strong resistance... so if we get rejection with strong candle we are going for short with stop loss on swing high (or all time high) with targets approaching 700
POSSIBLE BREAKOUT CANDIDATE!Above 751, looks hot for 760. And above 760, there's no stopping at all. Keep in watch list! :-)
Natural Gasin natural gas - c&h handle pattern,
if sustain abv 760+ tgt could be 900+++
If not cross 760 & reverse from top, Pattern In Valid
