NATURALGAS DOWNSIDE EXPECTED Please do consider that this analyses are only for study purpose ! Please do not rely solely by this idea ,always consult with your financial Advisor before entering any trade.
HP1! trade ideas
Natural Gas - Short - Short term - Educational mentioned reasons of view in Chart.
This Analysis Is Done Only For Educational Purpose, Never Invest Or Trade based on this. I have all the rights to be wrong on my views :)
- TraderMonk
Commodities long term brakeoutcommodities one after other started their bull market.
first and foremost it is gold, commodity king give the brake out, now it making all time highs.
then silver, natural gas, crude oil, zinc, aluminium you name it all are making higher highs.
these bull markets started with supply disruptions because of lockdowns.
but this will further spiral up side because of the inflation cycle.
after long 13 years of bear market in commodities now it started the bull market.
we are yet to witness the bull market in commodities too.
Natural Gas MCX !NG , May touch new highs !!
Note: Please consider that I am not a licensed Analyst and please get advise from them before taking any trades , Education is the sole purpose ! please show your support by your likes.
NaturalGas NG , expecting more supply
Note : please consider that I am not a licensed Analyst and please get advise from them before taking any trades , Education is the sole purpose ! please show your support by your likes.
NATURALGAS MCXexpecting further downside!
Note: I am not a registered analyst , whatever posting here is for just educational purpose only ,please consider to confirm with your registered analyst before trading ! Please show your support by giving your likes :) MCX:NATURALGAS1!
Natural Gas: Head and shoulder1. Head and shoulder spotted in 2 HR.
2. wait for the breakout
3. enter on the breakout
4. If any divergence exist at the neckline, probability of rejection becomes higher and be cautious and prepare for the rejection trade!
5. IMPORTANT: current month is expiring today and the new month if priced in the current month chart, already above the neckline!
The new month contract's chart:
Natural gas fut CMP 127.6 Short for Target 126.5- 125- 1245- 122Natural gas fut CMP 127.6 Short for Target 126.5- 125- 1245- 122.9+
Ng fut CMP 122.2 buy for target 123.5-125-126-128-130+Ng fut CMP 122.2 buy for target 123.5-125-126-128-130+
Natural gas July fut best buy at 117-118 with 114.9 as Stop lossReason to initiate buy is harmonics shark pattern at 117-118.
Natural Gas MCX NG buyers are getting activated and they may push the price as shown in the highlighted areas ,before the pull down to the final leg towards downside completing WXY pattern.
(Intraday) Sell Natural Gas
1. Price already took the reversal from retraced to 61.8%.
2. on drawing AB=CD Pattern on the same
Assuming , D = 1.28 = 101 ( reversal level)
double Bottom D=1 , 110 ( Reversal level)
3. Sell Below 133 target 131, 128 , 126 SL:137
