Natural Gas for short term Shorting Since 06-OCt Natural Gas is in a corrective move and is forming a Flat In Black ((A)) ((B)) ((C)).
It seems in formation of Last leg (5) Blue down as indicated in chart this will complete correction and one can look for BUYING opportunity for long term.
However to encash the smaller move in Wave (5) blue we have initiated a sell position with stop loss @ 4.045 in international market. MCX will follow same trend and corresponding trade can be initiated in MCX.
And after completion of Wave (5) in Blue we will be entering for a Long position for Higher Targets
Disclaimer:
These are personal views for academic purpose , if anyone wants to trade please access your risk and consult with your financial advisor
NATGASUSD trade ideas
Descending Channel Pattern for BuyHi All,
NG now in a channel pattern in Daily timeframe. Now can try long position.
for the more clarity on buy look at 1H/4H timeframe, there is a double bottom pattern but the trend line is not yet broken, once broken the target is almost the top of the channel.
Buy : Buy now or after the the double bottom's neck line is broke.
SL : 4.788
NOTE : Monthly is in correction of uptrend, so trade with strict SL and caution.
Natural gas CASE studyMultiple harmonic pattern matures around same levels,,
supply zone around maturity levels
let see whats in store
Natural gas - headed to a new highNatural gas looks like it has completed a bearish triangle sequence and looks ready for upmove
Can be bought with breakout above the marked level for new high, SL below recent low
R:R looks good at 1:2.5
NATURAL GAS TIME TO WATCH SELL OR BUY?
Natural gas forming head and shoulder pattern in daily timeframe. Daily trendline,demand zone,neckline coincide. so time to watch reversal candle or strong selling volume candle.if fresh selling we wait pullback to neckline
Natural gas ( Bullish View)NG break above 5.221 can give breakout from the current level in short term trade according to the given level .
Natural Gas overextended as hellNatural gas is right at the 1.414 fib extension w.r.t to the highs of 2018, the rsi is extremely overbought on the weekly charts, and the entire up move has been characterized by low volume.
I would not be surprised if we saw a 20-30% correction in the short term.
Keep strict stoplosses of right around 6.8.
Cyclic correction on Natural GasNatural gas range is default range is elevated to 3$, hence we can expect the same 3$ level from the current levels, patience is the key. Take calculated risk after deep analysis. as the liquidity is low at higher levels repeated Sl hunting will happen.Trade with cautious
natural gas for short time buy @ cmp
stop loss -4.898
target - 5.721
respect risk. trade at your own. this is for study purpose only
NATURAL GAS TESTING 5 HANDLE* XABCD 1.13
* ABCD 2.618 pattern
* 5.7 is strong resistance
* RSI extremely overbought on weekly timeframe.
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
4.160 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 4.160 is broken.
Technical analysis:
A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 75.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3.000
TP5= @ 3.150
TP6= @ 3.650
TP7= @ 4.160
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Natural Gas 50% Upmove Coming ???Explosive Move Coming In Natural Gas
7 Years Long Trend Line Breakout On Monthly TF
If NG Get Close Above 4$ This July Month End
Than Buy It
Add More If Price Drops To 3.5-3.6
SL - 3.40 (Weekly Closing Basis)
Target - 6$
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast:
3.400 is major support; while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades if the Midterm level 3.400 is broken.
Technical analysis:
While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
A trough is formed in the daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 4.650, 4.900, 5.000, and more heights are expected.
Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses.
The relative strength index ( RSI ) is 71.
Take Profits:
TP1= @ 2.600
TP2= @ 2.750
TP3= @ 2.900
TP4= @ 3000
TP5= @ 3.150
TP6= @ 3.400
TP7= @ 3.650
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NATURAL GAS SHORT ON MID-TERM BASISNATURAL GAS SHORT ON MID-TERM BASIS
Short@3.8 ; T3.64; SL 3.9
It appears to be a very good head and shoulder pattern breakdown.
Natural GasStrategy : Sell on rise near green price line...
Bears active below red price line....
trading levels marked and well defined...
Happy Trading.....
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Natural GasFull on bullish...
buy at the trend lines drawn on any pull back
important levels given in the attached study below
Natural Gas trend reversal symptoms Part IIHi All, This is in continuation to our previous video on the same topic. Go though this and feel free to ask questions via the comments section. Thanks.
Natural Gas should be showing a trend reversalHey All, Please go through the video and ask me any doubts from the comments section.
NG preparing for new blast at 300-310 INR on cards be readyNG preparing for new blast at 300-310 INR on cards be ready...
View negate if 210 breaks on weekly close basis...
Ideal tgt is 300-310 but aggressive tgts for positional hold are : 350-470-540+
Natural Gas Major breakdown given Short @ every rise INR levelNatural Gas Major breakdown given Short @ every rise
INR levels to short 219-221
SL above 225
