NGAS.F trade ideas
Natural Gas at resistanceWait for the breakout of trend line to make an enter
Check the chart for levels
12 DAYS +16.31%: NATURAL GAS FOLLOWUP TRADE PLAN OF 19 APR 20View for long was posted on 19 Apr 20 & Natural Gas hit2 targets with profit of +16.31%
Followup trade
closed
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
Don't miss the great buy opportunity in NATURALGASTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (2.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NATURALGAS 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 65.
Take Profits:
TP1= @ 2.340
TP2= @ 2.518
TP3= @ 2.937
SL= Break below S2
IS SOMEONE ACCUMULATING NATURAL GAS!!! IF YES +25% SEEMS GOOD!!!Price action seems like accumulation is underway. If we witness a breakout Immediate target of $2.3 is quite possible.
Long on pullback will be a good idea.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
Short in Natural Gas for the target for 1.600 to .1570The price is taking considerable resistance against the dynamic resistance/trend line.
A strong price rejection can be seen in 4 hours time-frame. This could attract more sellers or even make the existing buyers to change side.
Overall a channel is formed. However, we can see more or less similar volume of buyers and sellers during both corrective and impulse waves.
The fib extension value comes around 1.565 zone. However its recommended to exit during the first opposing force (buying pressure) which can be expected around 1.600 to 1.570.
CMP 1.730
Note: Kindly do your analysis before taking any entries and the above is purely for educational purpose only.
Long in Natural Gas till 1.768 to 1.778The price is consolidating near the recent resistance zone of 1.685 to 1.705.
This implies buyers were able push the price till resistance; but sellers are not strong enough at the resistance point to push the price lower.
But, buyers are able to hold it higher. Anytime the price can burst to next resistance of 1.768 to 1.778.
Hence buying is recommended at current level of 1.684;
Kindly do your analysis before taking any trades.
Long in Natural Gas (Short-term) till 1.825 to 1.850Ascending triangle pattern is seen in NG (like in crude yesterday), this implies buyers are in control.
The price comfortably closed above the triangle's top (1.730 zone).
Buyers can push the price higher from here till next supply zone of 1.825 to 1.850. Post which they would take a breathe or rest - will be decided later.
As of now, its a temporary buy.
Carrying this trade over night is not recommended. Sticking to intraday is advisable.
Note: This is purely for educational purpose only, please do your analysis before taking any trades.
Don't miss the great buy opportunity in NGASTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.78). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NGAS 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 52.
Take Profits:
TP1= @ 2.02
TP2= @ 2.21
TP3= @ 2.49
SL= Break below S2
