Natural Gas, month, imp graphicPublishing herewith an important idea about natural gas using monthly time frame, follow the day idea but keep this pattern also in mind
AZL1! trade ideas
Natural gas next trading day (20.02.2023)Publishing herewith my idea about natural gas for next trading day, broken a very important consolidation zone,nothing positive accept the support of higher time frame line, candle closed inside a strong historic consolidation zone , if sellers are in control would try to break this zone in one go
Natural Gas (MCX): Week of 20/02/2023Levels:
Support: 180, 150, 120
Resistance: 200, 220, 235
OI Data (21st Feb Expiry):
Nearest Major Resistance per OI data: 200
Nearest Major Support per IO data: 200 * interesting *
Trade setup:
1. Setup: Bearish
2. 200 is the make-or-break level for this Thursday expiry. (It has 7k Call and 4.2k Put)
3. If it stays above 215-220, there will be short covering, pushing it towards 250. Go long with SL: 200 (1 point = 1250/-)
4. Below 180, it's sell.
5. Best trade is: If the price pull back above 200 (~210 level) and then shows weakness (15m / 30m timegframe), buy NaturalGas 200 PE (23rd Feb).
Put a SL (in Future) as 220. RR is great: 1:3 (210 vs 220 as SL, target 180)
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Trade | Level | SL | T1 | T2
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BUY | > 220 | 200 | 235| 250
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SELL | < 180 | 200 | 150 |125
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Head and shoulder chart pattern in natural gas daily chartthis pattern shows the price will go 365 points down .You must not ignore tha chart patternd.
Natural gas reversal zones 17-2-2023Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #NG, #Naturalgas
Natural gas dayre-publishing herewith natural gas weekly chart in day time frame , for reference check weekly idea published earlier
Natural gas intraday & short swing natural gas is breaking trendline short swing. this is only for study purpose.
Natural gas reversal zonesNG consolidate in this zone more than 2 weeks, it should break this zone will tell the down trend end or not.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #NG, #Naturalgas
natural gas weekly chart into day time framePublishing herewith weekly idea converted into day time frame
natural gas update, 4 hr ,14.02.2023presenting herewith updated idea due to a circular pattern in 4 hr time frame
[MCX] Natural Gas Intraday TradeNote - Intraday!
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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NGits corrective wave now a is going to complete around 250 and then it heading toward B around 500 in upcoming months and then C but c is lesser than B so this summer Ng touch 150
Naturalgas bullish head and shoulder pattern in 4 hrs tfThere is bullish head & shoulder pattern found in NG, sustaining 216 will confirm its uptrend.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #NG, #Naturalgas #head & shoulder pattern
NG (MCX): Week of - 13/02/2023Levels:
Support: 200-190
Resistance: 220, 230, 250
OI Data (21st Feb Expiry):
Nearest Major Resistance in NG per OI data: 220, 230, 250
Nearest Major Support in NG per IO data: 200
Trade setup:
1. Looking at the OI data, most likely range-round is: 200-250
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Trade | Level | SL | T1 | T2
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BUY | > 230 | 220 | 250| 300
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SELL | < 195 | 205 | 175 |150
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NG1!2.198 at Level 1, 1.522 at Level 2.
Natural GAS still little fall can be excepted before to big move, very less chance to recover in this February month contracts, all call options may become zero again like December and January CALL options. So, the March futures contract is the best choice for long-term holdings.
NATURAL GAS ANALYSISPure price action with divergence of Rsi.Please let me know if you liked the idea of building a strong team.
Long natural gas? Breakout from inside bar on the daily timeframe with the oscillators extremely oversold
naturalgas shortNatural gas gas should be take resistance at fib level if sustain go short term long if resists then short but support is at 197.4 if breaks then it ll fall further.or natural gas treand is negative at higher TF so Trend Is friend
