NG trend still sideways to negative, after last inventory resulted Naturalgas in downside and still the trend continues.
Upside level: 148
Downside level: 142
So follow these levels and trade accordingly
Timeframe: 15 minutes.
NaturalGas below 100 EMA suggests bearish sentiment.
Consolidation box break signals downside movement.
Idea for short-term trade opportunity in natural gas.
Traders may consider short positions based on EMA and consolidation break.
MCX Natural gas trying to bottom at 135 bsaed on 4 hour chart.One can initiate shorts at 141 with a clear target of 135 and extended targets upto 120 on weekly basis till 15th March
🕓TimeFrame: 1 hour
Technically: Natural gas found support at 137.1 and rose post-inventory data. Currently forming a broadening wedge pattern, indicating a positive outlook in the 1-hour timeframe. If manage to sustain above 147-148 we will see further upside levels
As per the news:
🔸Nat-gas prices surged after a larger-than-expected inventory drawdown of -9...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
🕓 Time Frame : 4HOUR
🔽 Status : Neutral
🌐 Important
📆 11.03.2024
➖➖➖➖➖➖
🔸Downward trend: Prices have been generally dropping recently.
🔸Support at $146.50: If the price breaks below this level, expect a steeper drop to $137.70.
🔸Upside potential: If the price stays above $152.00, a possible upward trend might emerge.
🔸Remember: This is just a short-term...
Moving inside a channel. Near term fundamentals doesnt favor sudden huge upmove but can move till the last downward breakout line before consolidating for the next upmove.
Real positivity is the increased demand for electricity generation which is happening and if thats the case with good summer heat, can see 250 by may or june itself.
Natural Gas has broken important support zone of 160-165 this week & now trading at 135.
Natural gas is approaching its next major support zone of 128-120
CMP is 135 & I'm opening long position in futures. I'll add more position if 125-126 comes.
SL would be below 119
Targets I'm expecting are 158 and 167 which was support zone before & now a...
📊 NATURAL GAS 26 MAR Weekly LEVELS Analysis
🎯 Weekly Range: 16.6
➡️ Buy: 153.46, Avg Pos: 151.5
🎯 Buy T1: 163.36, Buy T2: 169.7
❌ Buyer SL: 147.93
💰 Sell: 149.54
🎯 Sell T1: 142.84, Sell T2: 136.5
❌ Seller SL: 155.07
Analysis:
For the week starting on March 26th, the natural gas market presents a weekly range of 16.6. Here's a breakdown of the suggested levels...
Natural Gas has fallen 60-70% from the upside
Now NG is near long term support which is coming around 110-120
One should not miss this opportunity to BUY
Also RSI is also near to its weekly support
It is double confirmation from price wise and also from Indicator wise.
We can expect prices to rise upto 220-240 levels.
YES, That's almost 100% from...
natural gas made bottom out now looking some dedcat bounce till 148--158+++++ or more buy on dipsssss as per chart with sl 128 or let see more lvl stya tuned here
hello all,
Natural gas has hit its support on monthly chart and on hourly chart is showing reversal
i am long from 135 with sl 128
i also have 5 lots of 130 ce with same sl 128
tgt would be 154-161-168
Natural gas Avoid sell trade till recent low not break, buy above 140 , 155 and 165 to 170 we can see.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy...
The chart is self-explanatory and shared chart for educational purposes.
Trading below the moving averages of 50MA, 150MA, and 200MA.
Supply zone breakout with retracement.
High possibility of a downtrend.
