Natural Gas 275+ Possibility in 2 MonthsNatural Gas 275+ Possibility in 2 Months
Hourly downtrend is been broken & with Winter demand in place we can see spike in natural Gas prices.
Happy Invetsing.
NBP1! trade ideas
Natural gas ready for big fall many times buy recommended at 220On 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Long natural gasFormed a spike low of 190 and reversed and forming a consolidation range
Levels:
Channel top is at 217 to 220 range.
If crosses decisively can rally to the top resistance of around 240 which can be the hurdle and likely to reverse back to 220 again before next rally.
So enter at 220 with stop in the middle of the channel for that entry and exit at 240.
Natural Gas - MCX Time and Price Levels for today
Time and Price Levels have been marked on the chart. For Time Candles refer to Natural Gas Chart in Dollars and trade accordingly.
Time Candle marked in green is the most important (pivotal) candle for today and will decide the future trend for today.
Note : Your trading view time to be set at UTC +5:30 time setting.
Still have a question? Please write to me in the comments. I am duty bound to answer all your valid questions. This is the only way we can learn and grow.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
#NATURALGAS || 3rd Jan || Intraday setup || MCX- Indian market
🔸Timeframe: 4 hour
🔸Strategy: Long
🔸Anticipating a breakout in natural gas above 222, targeting a move to 233 within the week.
🔸October 2023 marked the 30th consecutive monthly increase in US dry natural gas production.
🔸Production levels reached 104.5 billion cubic feet per day during this period.
🔸Estimated natural gas consumption experienced a 3.3% year-over-year increase, reaching 78.7 Bcf/d.
🔸The US maintained its position as a net natural gas exporter, with LNG exports growing by 23.9%.
Natural Gas MCX- Uppdate
Today is Gann Static Date and Natural Gas is going higher up. Dont be worried, hold your nerves and expect a level of even 289 and higher till feb 2024. Put SL at 204 at let it go. First Target 237
Waiting for a powerful impulseNatural Gas is waiting to give a huge breakout on either side , Unless the side is identified , Kindly stay put.
Natural Gas AnalysisI am expecting Natural Gas to touch 300 in next couple of months. And if 300 breakout happen, it may reach 400.
(Pure Price Action Analysis)
natural gas for upmoveNatural gas broken its ascending triangle pattern and now waiting to get retest for targets of 233 .
Natural GasNatural Gas has broke out
After long consolidation
It is Ready to Hit 234
Sl 217.80
Option 220 ce
Important Intraday levels for the week.I have marked all the important level , Green lines represent bullish ranges and Red lines represent bearish ranges.
Nothing complicated , its very simple if you have a bullish view then follow bullish range and if you have a bearish view follow bearish range.
Use these levels with your existing trading strategy to add good valuve to it.
[MCX] Natural Gas Buy BetNote -
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.
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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.
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#NATURALGAS Update || 30 Dec
#NaturalGas
Timeframe: 30 mins
In the current market, 214 is a key resistance level, signifying potential obstacles for upward movement. Conversely, 210.1 is a crucial support level, indicating a potential bounce-back point. Observing price behavior at these levels provides insights. A breakthrough at 214 may signal upward momentum, while a drop below 210.1 could suggest a shift to a bearish outlook. Traders should closely monitor these levels for strategic decisions.
NG 4h sellside setupNG 4h setup, I will look for the sell-side in NG once the price taps into our sell-side POI. For more confluence look for sell-side setup in LTF once price taps into our POI.
Natural Gas ready for 40% upside in 2 monthsNatural Gas ready for 40% upside in 2 months.
Daily charts shows downtrend channel breakout ... bottom seems to be in place now.
Happy Investing.
#NATURALGAS || 26 Dec || Intraday setup
🔸Timeframe: 4 hour
🔸Strategy: Short
Natural gas futures rose 4.8%, ending a volatile week and snapping a six-week losing streak. The market saw fluctuations around on contracts, with bulls gaining momentum. Light demand is expected until Dec. 30, and colder temperatures in early January could boost gas use.
Resistance: 211.1
Support: 207.4
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🔸If you understand and support my view give it a thumbs up👍
Important Levels For the week With live chart linkMCX:NATURALGAS1!
Hello Folks .!
I have marked all the important levels that could of great use.
These levels are simple and self explanatory.
Use these levels with your existing trading strategy or experience to gain maximum benefit out of it.
Since I am sharing live link to the chart I will add the Trend channel as and when needed.
All the best Folks.! Hope you have a profitable week .
NG Forming an Interesting PatternNatural Gas is About to give a good impulse move in the coming weeks once it breaks the consolidation.
Natural Gas is Short term buy for 20% upside TargetsNatural Gas is Short term buy for 20% upside Targets based on Hourly charts.
NATURAL GAS UPDATE 13 - 15 DECTimeframe: 4 hour
Direction: Short
The bearish outlook for natural gas is reconsidered if it surpasses 200, potentially aiming for 210. Anticipating support around 180.
Natural Gas View - 12 December 2023Natural gas is taking support at 200-201 levels. If it sustains above 202, we can see an up move till 205 and 207.
#NATURALGAS Update: 12 DecTimeframe: 4-hour
Direction: Long
Support: touch the support 194.2 and took reversal.
Oversold market, strong demand, but warm temperatures impacting prices. Overall Natural gas seems to be consolidating.
Demand zone/buying above 204.8
Natural Gas important levels to watchNatural Gas important levels to watch are as follows
#Support: 214
Sell below: 214 only on 15 minute candle closure below the level.
Target 1: 211
Target 2: 206
#Resistance: 218.8
Buy Above: 218.8 only on 15 minute candle closure Above the level.
Target 1: 221.8
Target 2: 226.9
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
