NATURALGASBullish CYPHER Pattern
Natural Gas consolidating from last 16 days in a range.
519.30 is support and 568.60 is resistance on daily chart.
Close below support expected 505.50, 425.00, 376.10.
TFM1! trade ideas
Natural Gas Intraday Buy Level [6th Ocotber]
Buy Natural Gas above the marked Line. SL 2-3 points, target 5-10 points.
Natural Gas is taking support of Upward trendline. Natural Gas is taking support of Upward trendline. It may give bounce from here 50-100 points. It can also add more if come 506-516
MCX Natural Gas Head and Shoulder Natural Gas on MCX (INR) making an head and shoulder
Resistance 725
Downside Possible 520-475
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.
