TFM1! trade ideas
Natural Gas: Head and shoulder1. Head and shoulder spotted in 2 HR.
2. wait for the breakout
3. enter on the breakout
4. If any divergence exist at the neckline, probability of rejection becomes higher and be cautious and prepare for the rejection trade!
5. IMPORTANT: current month is expiring today and the new month if priced in the current month chart, already above the neckline!
The new month contract's chart:
Natural gas fut CMP 127.6 Short for Target 126.5- 125- 1245- 122Natural gas fut CMP 127.6 Short for Target 126.5- 125- 1245- 122.9+
Ng fut CMP 122.2 buy for target 123.5-125-126-128-130+Ng fut CMP 122.2 buy for target 123.5-125-126-128-130+
Natural gas July fut best buy at 117-118 with 114.9 as Stop lossReason to initiate buy is harmonics shark pattern at 117-118.
Natural Gas MCX NG buyers are getting activated and they may push the price as shown in the highlighted areas ,before the pull down to the final leg towards downside completing WXY pattern.
(Intraday) Sell Natural Gas
1. Price already took the reversal from retraced to 61.8%.
2. on drawing AB=CD Pattern on the same
Assuming , D = 1.28 = 101 ( reversal level)
double Bottom D=1 , 110 ( Reversal level)
3. Sell Below 133 target 131, 128 , 126 SL:137
BEARISH - NATURAL GASCan Sell below 138.60 with SL 140.60 Target 136.20-134.10-131.20
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
NATURAL GAS - INTRADAY RISKY Can Sell at CMP 130.30 with 131.30 SL
Target 0.70-1-1.5 POINTS
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
QG1 back to stability.Here we discover together , how exact is our prevision on periodicity and chart behavior.
I will keep update once there's the first signal!
NATURAL GAS READY FOR NEW HIGHSThe price has reached its lowest resistance and is ready for bouncing back with much strenght until it's reach 2.380;
we pay close attention there because if it succed to break above, then we are heading to 2.871
Natural Gas Breaks OutWe've been highlighting the bottoming process in Natural Gas for months and now we're finally getting a breakout. Prices stabilized above their 2016 lows of 115, momentum stayed out of oversold territory, and prices are confirming a trend reversal by closing back above the August 2019 lows of 145. As long as prices are above that level, we're looking for further upside towards 205...and potentially higher longer-term.
