Natural Gas more possible for long can reach 170 in coming month
1. 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...
Natural 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,expecting to be a slight bullish until 127-129 Price Range
Reason to initiate buy is harmonics shark pattern at 117-118.
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.
NIKI MS indicator shows uptrend in 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
Can buy Natural gas on support @138 138.2 SL 137.7 T 138.6 139 139.5
NG July sell @129-131 sl 135.5 target 122
Can 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.
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.