Where to short I think NG will follow and respect the Weekly Trendline and a short position can be took on the Marked spot keeping a very Small SL and Open Target , Closing above that trendline will only open the gate For the NG for new trend
NATGAS trade ideas
SHORT NEAR 1.997will natural gas take resistance from the the above trendline and comes down for retest ?
Don't miss the great buy opportunity in NGASTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NATURAL GAS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased.
Take Profits:
TP1= @ 2.09
TP2= @ 2.21
TP3= @ 2.49
SL= Break below S2
Natural Gas#Natualgas 2H chart bounce from strong support level we can see now 1.880-1.900 levels in coming days with the help of 1.831 level.
#Technicalanalysis
Naturalgas might have bottomed outNaturalgas showing signs of bottoming out. Now it seems like good buy for long term
1) Currently at multiple monlthly support near all time lows
2) Hovering near big capitulation wick
3) Now testing bottom yesterday's big bullish candle
We will never get this kind of risk to reward anytime soon, if this works as expected
Natural Gas ready for Bullish TrendNG Positional Buy trend starts once it close above 2.180, on short-term target of 2.250, on medium term 2.310... keep stopl-loss if closes day's below 2.116
Natural Gas short setup - Risky counter trend tradeShort NATGASUSD at CMP (2.595+)
T1: 2.50
T2: 2.38
T3: 2.31
SL: 2.71
Expecting a Bounce in Natural Gas trend line supportExpecting a Bounce in Natural Gas trend line support! Educational Purpose Only!
Bullish divergence: Possible reversal in Natural GasOn the daily time frame, a bullish divergence can be seen as well as a possible double bottom has formed.
