NGAS.F trade ideas
buy naturalgasbuy NATGASUSD AT CMP. 2.859(201.10)
SL 2.706(187)CLOSING BASIS
TARGET: 3.834(223)... 4.566(236)
3 MONTHS TARGET : 5.346(261)
SL: 2.594(177)CLOSIN BASIS
Natural Gas short setupShort NATGASUSD between 2.775 - 2.765
T1: 2.715
T2: 2.670
T3: 5.635
SL: 2.793
How long will the resistance of Double Zero 3.000 last?As last week, I am taking measure of double zero 3.000 to function as a resistance.
However, Please be aware that the low price is rising and it is a price move that has not given up trying to penetrate double zero 3.000 above.
But, at the moment, I consider a short as judging that double zero 3.000 has functioned as a resistance.
<< tactics >>
1) It was judged that double zero 3.000 functioned as resistance
short.
The 1st limit is above the thin trendline which is now reaching around 2.920.
The 2nd limit is thought to break the trend line and is on WePP (S1) 2.863.
However, if it reflect on WePP 2.952,we need to think about escape.
2) It can not be determined that double zero 3.000 functions as resistance
I will observe. Because there is an unknown the strength resistances above the double zero 3.000,MPP (R1) 3.028 and YPP (P) 3.052.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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Natural Gas - At crucial support!If the support at 2.720 s broken, then price will move towards 2.700, 2.692 and 2.686 with the stop loss of 2.740.
NATURAL GAS studyNATGASUSD has been trading within a rectangle since mid Feb.
We will be looking forward to take a position in the direction of the breakout.
2.72 and 2.61 could be crucial in deciding the direction of the trend in days to come
Keep watching this space for latest trades in Natural Gas
Natural Gas (NATGASUSD) classic broadening bottomNatural Gas (NATGASUSD) has been forming classic broadening bottom
We will wait for a right opportunity to go short once price touches the broadening bottom bottom and a throwback happens.
