Levels: Support: 150, 120 Resistance: 250, 290, 310, 330 OI Data (21st Feb Expiry): Nearest Major Resistance in Crude per OI data: 220 Nearest Major Support in Crude per IO data: 200
Investing in Natural Gas as it is approaching the Mean line again. This is an aggressive bet and does not constitute stop loss like last time as shared in Because the trade has not triggered buy in the laws of price action at all. 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...
NG can bottom around 3.55 (Wave 4 low)-3.27 (78% fall of previous impulse)
Natural Gas at Support Level. Buy and keep for long term
natural gas can move either side as per price action. if rejection faced by trendline can test 220 levels if gives breakout can test 237-240 levels
Natural gas is posed to join the downward channel from highs. With a breakdowndown of H&S pattern, the NG can plunge to almost level of 220, which should act as strong support to take back the price to 500 levels. Buy above 375 if it breaks. Sell below 375 level for one and only target 220. Next only Buy level is 220.
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 -...
this is one of my older chart still believes in levels if price reaches below level updated chart will follow
expecting that in the coming days we will see 314++ in NG place SL below 225 let's see if it works...
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 -...
The chart seems to suggest that there would be a potential breakout from the current position. Best would be to wait for a confirmation at the close of the 4 hr timeframe.
Natural gas has completed the impulsive cycle at 801 and started collapsing to form the corrective process. In this corrective cycle, the price has accomplished the corrective wave B and started constructing wave C of normal zigzag correction. There are two reversal points for natural gas: 1) Wave C can occur near wave (4) 2) wave C can accomplish its...
In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- Timeframe : MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C,...
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 -...
Natural Gas Reversal at 300 levels Downtrend Reversal observed Near 20 and 50 EMA crossover Resistance level - 318, 350, 400 Final Target of 400 SL - 300 This chart is only for educational purpose
NATURALGAS is bouncing from its long term support zone of 265. On the daily TF, it is forming bullish candle and provide a healthy RR setup. This is positional setup with entry at current level 270, SL as 250 & targets of 290, 300, 320 Thanks Piyush Gupta Learn & Earn
Natural gas is in the support zone of 359-350 which is 0.786 retrace aswell This is my view please make own analysis and trade safe.
Natural Gas The Symmetrical Triangle Pattern Price range is 43 points for pattern either side. Resistance is 307.70. Upside target is 350.70. Support is 295.30. Downside target is 252.30.