Technical Analysis Report
Timeframe: 1 Hour
Long Entry: Buy Natural Gas between the price range of 105.7 to 105.9.
Target Price: Aim for a target range of 152.4 to 153.
Stop Loss: Set a stop loss at 149.1.
Logic: Anticipating upward movement towards the 100-period Exponential Moving Average (EMA) and resistance at 152.4.
natural consolidate many timed with in range now eys on 155 if stya abv or close abv thna we see 185--190+++ soon where support sl 143 if any want to buy it looks break out on daily chart
🌐Timeframe 1 Hour
📅 Date: March 20
📉 Technical Analysis: Natural gas is currently exhibiting a symmetrical triangle pattern within a narrow range on the 1-hour timeframe. This indicates indecision in the market.
📊 As per the analysis, it's prudent to wait and observe if the price continues within the triangle pattern before considering any trading decisions.
Timeframe: 1Hour
Strategy: Long
Technically
Natural gas price is forming a triangle pattern, suggesting a potential breakout. Traders watch for a decisive move.
As per the news
Natural gas prices surged as colder US weather forecasts increased heating demand.
Shutdown of a Texas LNG terminal unit limited exports, while lower US electricity output...
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.
