NGAS.F trade ideas
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.
Natural Gas BUY setupBuy Natural gas between 2.860 and 2.840
T1: 3.000
T2: 3.090
T3: 3.250
SL: 2.749
NATURALGAS (NATGASUSD)NATURALGAS (NATGASUSD)
BUY @CMP 2.840
BUY RANGE 2.840 TO 2.825
TGT :- 1st-2.990 2nd 3.074
SL- 2.760
NATGASUSD: Close to Head and Shoulders formationGetting closer to the neckline (Head & Shoulders Pattern).
But before that happens some upside(correction) is left
NGg --- H & S on hourly chart in makingFor intraday traders,.... Head & Shoulder is in making on hourly chart. At the morning it is looking like rising wedge and gave a downward breakout also. But price return back in wedge and at the moment final wave of last shoulder is in making. Watch it carefully and try to earn. Thank you..... I am not pro member, so chart I used is very little. I can not draw it accurately. Sorry for that.
Natural Gas Short SetupNatural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.
H&S - formation in progressH&S - it seems right shoulder is in formation means we can see a big downward movement and Breaking of support. It may rise from support though for complex H&S pattern. Keep an eye as the pattern is still not complete, but trend line resistance is obeyed.
Natural gas is at the support zone!Natural gas is at the support zone. Morning star formation at the support zone indicates the trend is about to change. The morning star pattern consists of three candles. First candle is a big bearish candle, second is a small candle which indicates indecision and third cadle is a long bullish candle. Can go long when the candle close is above the trend line. Targets are shown in the chart. Use trail stop to protect your profit.
