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NATURALGAS1! trade ideas

Base metalsBase Metal Technical Report, 30/06/2023 : BEST COMMODITY 30 Jun 10:17 BEST COMMODITY Technical Outlook The daily technical chart for Copper futures is forming a "Megaphone Pattern", where copper is facing heat, and in the last session it shredded 0.75%, where it closed at 704.95, it giving expectation of bearish movement if 700 is breached, which is the strong support for the commodity, where it is broken we may see 690 levels, and in the last session, it touched a high of 706.90, hence we may see a range of 700-710 in the upcoming session, meanwhile, for the current session the resistance is at 709 and key support is at 698. Research Report Call Buy if able to sustain above 707 targets 710-711, keeping an SL of 705. sell if it breaks 702, for targets 700-698, keeping an SL of 703. Technical Outlook Zinc Futures in the last session was flat and closed at 211.20, where it has been correcting from the last couple of sessions, in the range of 207-213, where it is taking support at 210, and zinc is technically forming a "Falling Wedge", where the contracting demands are hindering the gains, and it in the last session gave a range of 211.85-210.25, where it might try to move in the range of 210-213 levels in the upcoming sessions, for the current session zinc's key resistance, is placed at 213.55 and key support is placed at 208.50. Research Report Call Sell if it breaks 210 below, then sell for targets 209-207 keeping an SL of 211.20, and buy if it sustains above 212 for targets 213-215 keeping a trail SL of 211. As Reported By BEST COMMODITY
MCX:NATURALGAS1!
by Shubh181995
A possible long trade in Natural GasNatural gas has been rallying over the last week and it has broken above some key pivot levels, in this video I discuss the key level and what the potential entry point can be for the commodity when it corrects further and the potential upside target. Coupled with the fact that this commodity is also below the long term mean prices mean that the long trade has a higher probability of being right. The trade has a potential 20% upside based on the charts and perhaps it will be easier if we as traders look at holding the mini lots. Of course every trader will make a different decision based on the capital in the account.
MCX:NATURALGAS1!Long
by anshuman_05
1
MCX Natural Gas – Impulsive Wave SetupA new impulsive structure has emerged from the low of 265.5 in natural gas. Price has accomplished wave (5) and started the zigzag correction at 801. Currently, Natural gas is forming sub-wave 5 of impulsive wave C. Natural gas has also broken down 200 EMA and the base channel of 2 – 4 wave, which signals bearish momentum. It has faced strong support of 515 , but the price didn’t respect the level and ended up losing bullish momentum. Wave C has traveled the same distance as wave A. Hence, Wave A = Wave C. If the price sustains below 516, traders can trade for the following targets: 486 – 462 – 440 . I will update further information soon.
MCX:NATURALGAS1!Short
by forextidings
8